The Kingstone Ltd is currently considering expanding its production of a new product by acquiring a new plant machinery. The following information is available for this project: Present Value Table is attached in Pdf. Cost (initial investment) Expected annual operating profit (loss) Year 1 Year 2 Year 3 Year 4 100 Requirement: (8 points) A: Calculate the net present value of the project. B: Calculate the payback period to the nearest year. 28 12 7 Estimated residual value of the plant machinery after 4 years 4 The business has an estimated cost of capital of 10 per cent. It uses the straight-line method of depreciation for all non-current (fixed) assets when calculating operating profit. The project won't increase the working capital of the business. The business has sufficient funds to meet all investment expenditure requirements.