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A company is interested to invest Tk 52,000 in a project

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A company is interested to invest Tk 52,000 in a project. It is Expected that the project would have a life of five years. The cash flows from the project in different years would be as follows. Year Cash Flows (Tk.) 21,000 2. 17,000 23,000 29.000 5 27,000 1 3 4 Depreciation should be charged on a straight-line basis. The cost of capital is 10%. The company's tax rate is 40%. Evaluate the project on the basis of Net Present Value Method. Present value of Tk. 1 at 10% discount factor is given below. Year 1 2 4 3 0.751 5 0.621 Present Value 0.909 0.826 0.683 Required: (i) Payback Period (ii) Net Present Value