The directors of COMPDECK QSM PLC are considering an investment in a new Laptop Case Project. The project is estimated to have the following cash flows, and the company has a required rate of return of 15%. Net Cash Flow Year 0 Investment cost 1,800,000 1 Net cashflow 1,300,000 2 Net cashflow 1,250,000 3 Net cashflow 900,000 4 Net cashflow 150,000 4 Residual value at project end 400,000 (a) What is the year of payback for the Computer Case Project? (3 marks) (b) Calculate the Accounting Rate of Return for the project. (18 marks) (c) Calculate the Net Present Value of the project. (11 marks) (d) Advise the directors of COMPDECK QSM PLC whether or not they should undertake the project? (2 marks) (e) What are the three questions that Net Present Value technique of investment appraisal answers? (6 marks)