Q4: A firm undertakes a risky project that costs 600,000 and generates cashflows of 250,000 per annum for the next 5 years. What is the Payback of the project? a) 2.2 years b) 2.3 years c) 2.4 years d) 2.5 years Q5: Using a discount rate of 10% the modified payback of the project in Q4 is: a) 2.88 years b) 2.68 years c) 2.48 years d) 2.58 years