The MISC is involved in searching for locations in which to drill for oil. The firm's current project requires an initial investment of RM15 million and has an estimated life of 8 years. The firm's current cost of capital is 10.50%. The expected future cash inflows for the project are as shown in the following table. Year Cash Flow of Project (RM) 1 600,000.00 2 1,000,000.00 3 2,500,000.00 4 3,000,000.00 5 4,500,000.00 6 5,000,000.00 7 5,500,000.00 8 8,500,000.00 3 a) Find the Payback Period for the project. If the firm usually accepts projects that have payback periods between 1 and 7 years, justify whether this project is acceptable. (8 marks) b) Calculate the project's Net Present Value (NPV). Explain whether the project is acceptable under the NPV technique. (10 marks) c) Computer the project's Profitability Index. Describe whether the Profitability Index is the most significant measure in determining the capital investment decision in a company. (4 marks) Calculate the project's Internal Rate of Return (IRR). Decide whether the project acceptable under the IRR technique. (8 marks) d)