QUESTION 5 (20 Marks) The management of Vietnam Industries has to choose between two machines, namely machine Vet and machine Zet The following information is presented to you: Machine Vet Machine Zet Initial investments R300 000 R450 000 Net cash inflows: Year R R 120 000 180 000 120 000 120 000 120 000 130 000 120 000 140 000 120 000 80 000 The required return is 15%. The straight line method of depreciation is in use. Note that both projects have a ni scrap value. Required: Study the information given above and answer the following questions: 5.1.1 Calculate the payback period for Machine Zet (years, months and days) (3 marks) 5.1.2 Calculate the Net Present Value (NPV) for each machine. (round off amounts to the nearest Rand.) (6 marks) 5.1.3 Advise management based on your answer in (5.12) above. (3 marks) 5.2 Discuss the FOUR goals of financial management. (8 marks)