Question 4: The cash inflow / outflow) for this project of Kenny Enjoy Investment Limited is given below: Project Year Golden 0 1 2 (22,600) 9,400 7,550 3,820 1.830 4.970 The company is estimated that the scrape value of the Project Golden will be $780, to be received at the end of the eighth year. Required: a. b. Calculate the payback period for this project. (3 Marks) Establish the net present value (NPV) of the above project assuming that the discount rate at 7%. (4 Marks) c. Calculate the internal rate of return (IRR) of the above project. (Note: Try to use 7% and 15% discount rate to calculate.) (8 Marks) d. Find the internal rate of return (IRR) of the above project using graphical method. (6 Marks) e Audit committees contribute significantly to raising the standards of corporate govemance if they operate effectively. Briefly comment on this statement. (4 Marks) (Total: 25 Marks)