Would you accept this project or not? The project has investment of 70,000 as cash outflow with rate of 10% and cash inflow has these cash stream shown below. The desired payback period is 3 years.

Year Cash Flow

1 18000

2 25000

3 25000

4 20000

a. What would you do if you base your decision on NPV?

b. What would you do if you base your decision on PBP?

c. What would you do if you base your decision on PI?

d. What would be your overall decision?