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Required: 3.1 Calculate the Payback period. 3.2 Calculate Net present value (NPV) at 12% cost of capital. 3.3 Explain whether or not the investment should

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Required: 3.1 Calculate the Payback period. 3.2 Calculate Net present value (NPV) at 12% cost of capital. 3.3 Explain whether or not the investment should be accepted. Provide reasons for your decision. 3.4 Evaluate the payback period method as a technique for investment appraisal. NB: Use the following discount factors for the calculation of the NPV

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