38 3 points Blain Ltd Blain Ltd is considering an investment project. The capital investment required is 37. None of this will be recovered at the end of the projec The project will also require working capital of 170. At the end of the project 136 of the working capital will be recovered. The net operating cash flows from the project are expected to be: Year 1 2 3 4 5 Net operating cash flow 80 90 92 87 78 Blain Ltd's accountant has calculated the payback period as 2.4 years. Which of the following best describes the accountant's treatment of working capital? The accountant has not included working capital in the payback calculation. The accountant has only included irrecoverable working capital in the calculation. The accountant has included opening working capital in the payback calculation. The payback period has been calculated incorrectly