Question: PAYBACK PERIOD THECHNIQUE Using payback period method RAK expected to recover its initial investment of $100,000 in three (3) years. i. Compute the payback period

 PAYBACK PERIOD THECHNIQUE Using payback period method RAK expected to recover

PAYBACK PERIOD THECHNIQUE Using payback period method RAK expected to recover its initial investment of $100,000 in three (3) years. i. Compute the payback period for this investment. 3marks ii. Using payback period method, would you be willing to invest in this project? 3 marks iii. Using both NPV and payback period methods, would you be willing to invest in this project? Why? Why not? Please explain. 4 marks

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