A company is considering investment of k1,000,000 in a project. The  following are the forecasts, after depreciation and tax.                      Year                      1            Cash Inflows Discount Present Value         Factor at 10%                      1               10,000                 0.9091                      2               40,000                 0.8265                      3               60,000                 0.7513                      4               20,000                 0.6830                      5                    -                 0.6209   Compute: Payback period                                                    Discounted payback                                                        Net present value In all instances comment on the Decision criteria

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