QUESTION FOUR

Look$-$look Ple is to embark on a project requiring an investment of $N100,000,000$ on necessary plant and machinery. The project is to last for $5$ years at the end of which the plant and machinery will have net book value of $N20,000,000.$ The cash inflows from the project are as follows:

$\backslash$table$[[$Year$,$Cashflows,$],[1,30,000,000,],[2,25,000,000,],[3,21,000,000,],[4,18,000,000,4],[5,15,000,000,]]$

Required

At discounting rate of $10\%,$ assess the viability of the project by computing its Net Present Value $($NPV$).$

$({17}^{\frac{1}{2}}$ marks$)$