Study the scenario below and answer the questions that follow:

Coff$$ Lounge

The owner of Coff$$ Lounge, a small business, is considering an expansion at either its Cape T Time left $2$:$56$:$15$

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facility. A cost$-$benefit analysis was carried out and the Cape Town expansion shows a payback period of $1$ year and $11$ months, a NPV of R$19790$ and a profitability index of $1\mathrm{.}17.$

The cost of capital for the company is $10\%$ and each project is considered equally risky.

The following data is available for the Gqeberha expansion:

$\backslash$table$[[,$Year $0,$Year $1,$Year $2,$Year $3,$Year $4],[\backslash$table$[[$Net $($outflow$)!],[$inflow$]],($R$360000),$R$100000,$R$150000,$R$200000,$R$30000],[,,,,]]$

Calculate the payback period $($in years and months$)$ of the Gqeberha expansion. Based on payback which project would you recommend and why?

$(5$ Marks$)$

Calculate the Net Present Value $($NPV$)$ of the Gqeberha expansion. Based on Net Present Value, which project would you recommend and why?

$(7$ Marks$)$

Calculate the Internal Rate of Return $($IRR$)$ of the Gqeberna expansion. $($Guess $12\%.)$

$(9$ Marks$)$

Identify four $(3)$ ways in which the owner of Coffe Lounge may obtain funding for the expansion.

$(3$ Marks$)$