(a(i))[5]
Calculate the net cash flow in each year for Machine X.
(a(ii))[3]
Calculate the payback period for Machine X.
(a(iii))[5]
Calculate the accounting rate of return for Machine X to two decimal places.
(b)[4]
State two benefits and two drawbacks of using the payback method of investment appraisal.
(c)[3]
Calculate the net present value (NPV) of Machine X.
(d)[5]
Advise Gerry whether he should buy Machine X. Support your answer with two financial and two non-financial factors.