2. Melati Son.Bhd. is taking into consideration a project which requires an initial outlay of RM380,000. The cash flows expected from the project are as follows: Year Cash flow (RM) 1 100,000 2 120,000 3 110,000 4 100,000 On 110,000The cost of capital for this project is 111%. {aj Calculate the payback period for this project. {2) {b} Calculate the net present value and determine whether the project should be accepted or rejected. i 1\") {cl Explain the advantages and disadvantages of using the net present value technique in evaluating a project. {3}