Q1 The estimated cash flow for a project over a period of six years is shown in Table Q1. The project has an initial investment of 1,000,000. Cash ow Year (000) 1 240 2 330 3 4 5 6 Table Q1 a) Determine the discounted cash flow for the same period b) d) assuming a discount factor of 8%. (2 marks) Calculate the discounted payback period to the nearest months. Explain briefly the benets of using this method for project evaluation. (3 marks) Calculate the Net Present Value (NPV) for the project. (1 mark) Calculate the average rate of return (RoI) using the discounted cash ow obtained in part (a) above. (2 marks) Explain briefly how the level of interest rate (or discount factor) can impact on the viability of a project of a given duration. Two sets of answer are expected. (2 marks)