• EduLearn Pvt. Ltd. is considering three educational software packages for purchase. The details are as follows. Assume a tax rate of 29% and an interest on capital of 10%.

Particulars	Package A (₹)	Package B (₹)	Package C (₹)
Initial investment	5,50,000	4,80,000	6,20,000
Estimated annual sales	7,50,000	7,00,000	8,00,000
Cost of production:
Direct material	60,000	50,000	70,000
Direct labour	70,000	60,000	80,000
Factory overhead	80,000	70,000	90,000
Administration cost	35,000	30,000	40,000
Selling & Distribution cost	25,000	20,000	30,000

• The economic life of Package A is 2 years, while it is 3 years for the other two. The scrap values are ₹60,000, ₹50,000, and ₹40,000 respectively. Determine the best investment based on the payback period method.