QUESTION $5$

$(20$ Marks$)$

Note: Where discount factors are required, use only the present value tables $($Appendix $1$ and $2)$ that appear after QUESTION $5.$

REQUIRED

Study the information given below and calculate the following:

$5\mathrm{.}1$ Payback Period of Project C $($expressed in years, months and days$).$

$(3$ marks$)$