QUESTION 2 (8 marks) An investor is considering an investment in a copper mine. The following information is available: A. Equipment costing $300,000 will be required immediately. The equipment will be straight line depreciated over 3 years, and has no salvage value. B. There is also an immediate need for $50,000 for fuel inventory that needs to be maintained at all times. C. The investment will generate an annual accounting profit of $80,000. D. At the end of year 3, there are required environmental clean up costs of $60,000 E. The investor is also considering a similar investment that will generate a return of 14%. REQUIRED: Calculate the Net Present Value of this project Calculate the Payback period of this project