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Q2: On 20th November 2005 Mr Kojin decided to invest GHC 200,000.00 into a project which will last for 5years. Kojin was unsure whether the

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Q2: On 20th November 2005 Mr Kojin decided to invest GHC 200,000.00 into a project which will last for 5years. Kojin was unsure whether the project is beneficial because of the long time which the project life is to be terminated. The following information is available Year Cash inflow 2005 GHc 000 2006 GHc50,000.00 2007 GHc 70,000.00 2008 GHc 80,000.00 2009 GHc50,000.00 2010 GHc30,000.00 61 gaid Require: i. ii. iii. Show the total return on the cost of the investment Show the payback period State whether the project should be undertaken or rejected Explain briefly payback period, its uses and limitations

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