1. The National Entrepreneurship and Innovation Programme has initiated a business incubation venture ahead of schedule in the venture lifecycle. Something that must be done is to do a justification for the project. Since very little information is known about the project, the estimates are considered to be rough estimates. The accompanying table is the project manager's gauge of the income that will occur throughout the following five years:

End of Year	Cash Flow In (GHC)	Cash Flow Out (GHC)
1	0	500,000.00
2	300,000.00	90,000.00
3	400,000.00	100,000.00
4	100,000.00	175,000.00
5	50,000.00	35,000.00

1. What is the payback period for the project (show workings)

1. If the net present value (NPV) for each of the cash flows were calculated at a 10% interest rate, what would the NPV cash flow be at the end of five years? Comment on the feasibility of the project.