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Mukund Iron Company is considering to install a New Machinery which cost Rs. 1,00.000. TheMachine has a life of 5 Years and has no Scrap value at the end of life. The company's tax rate is40% and uses straight line balance method for depreciation. The earnings before depreciation and taxwill be as below:Year+23EBITD&A (in Rs.)22.00022,00028.00030.00050.000You are required to calculatei) Pay back Period() NPV at 10% and 12% discount rate.​

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