Two: (7 marks) Projects Ltd intends to acquire a new machine costing $50,000 which is expected to have a life of five years, with a scrap value of $10,000 at the end of that time. Cash flows arising from operation of the machine are expected to arise on the last day of each year as follows: 12345 1. 2. 3. 4. 5. End of Year $ 10,000 15,000 20,000 25,000 25,000 Requires: Calculate the payback period (2 marks), the accounting rate of return (2 marks) and the net present value (3 marks) (Assume a discount rate of 10% per annum.)