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The management of Daytona Industries, an interior design company, is considering a R250 000 investment in a high-quality booking system with the following cash flows:

The management of Daytona Industries, an interior design company, is considering a R250 000 investment in a high-quality booking system with the following cash flows: Year Cash Inflow 1 R 30 000

2 R 60 000

3 R120 000

4 R130 000

5 R160 000

1.1. Determine the payback period of the investment. (Present in table format) (14 marks)

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