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1)Use the information below to answer the question that follows

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1)Use the information below to answer the question that follows.Sosiol Distan Singh the owner of Esquire Ltd is considering two technology investment options; Karantina and Barakoa which will require sh. 1,500,000 and sh. 200,000, respectively. The revenues for each option are as follows. Karantina (for year 1 to year 6) 100,000; 350,000; 450,000; 765,000; 1,335,000; 2,150,000. Barakoa (for year 1 to year 3) 300,000; 350,000; 500,000. The expenses increase yearly from the first year by 20% each subsequent year. The figures for expenses in the first year are sh. 150,000 and sh. 20,000 respectively. The rate of inflation is 12%.Required: Advise Mr. Singh which option he should take given: i. Payback period [2 marks] ii. NPV profiles (show your workings)

2)what are the scope of IFRS 1, IFRS 2, IFRS 3, IFRS 4, IFRS 5, IFRS 6, IFRS 7, IFRS 8, IFRS 9, IFRS 10, IFRS 11, IFRS 12, IFRS 13, IFRS 14, IFRS 15 IFRS 16, and 17