Steve, a fresh graduate from an agric college  plans to invest in one of two animal farming business with a Ghc 1 million  loan sourced from Ecobank. Investing in Pig farming will cost 105,000 while the poultry business will cost Ghc100,000. The pig farming business has a lifespan of 5 years while the poultry farm will last for 6 years. The poultry cage would be sold for a scrap which will fetch Steve Ghc 40000.  The year end cash flows from the two farms are shown in the table below.Period123456Pig farming2500045000400002000019000Poultry farming300005000050000500002700032,000Assume interest rate to be 5 percent and 10 percent  for NPV1 and NPV2 respectivelyThe internal rate of return for the poultry farming business is  Blank 1. Fill in the blank, read surrounding text. percent

Afriyie, a fresh graduate from KNUST  plans to invest in one of two animal farming business with a Ghc 1 million  loan sourced from Ecobank. Investing in Pig farming will cost 105,000 while the poultry business will cost Ghc100,000. The pig farming business has a lifespan of 5 years while the poultry farm will last for 6 years. The poultry cage would be sold for a scrap which will fetch Afriyie Ghc 40000.  The year end cash flows from the two farms are shown in the table below.Period123456Pig farming2500045000400002000019000Poultry farming300005000050000500002700032,000The payback period for the poultry farming business  is  Blank 1. Fill in the blank, read surrounding text.

Steve, a fresh graduate from an agric college plans to invest in one of two animal farming business with a Ghc 1 million loan sourced from Ecobank. Investing in Pig farming will have an estimated cost Ghc200,000 while the poultry business will cost Gh250,000. The year end demand (tons) of animal products from the two farms and their respective probabilities are shown in the Table below. A ton of animal product from the pig farm and poultry farm will be sold for Ghc15 and Ghc20 respectively Pig farming Poultry farming Demand (tons) Probability Demand (tons) Probability 25000 0.15 50000 0.1 45000 0.2 60000 0.2 40000 0.3 28000 0.3 20000 0.2 30000 0.2 19000 0.15 45000 0.2 If Steve is a risk averse lover, which of the two farming businesses will he choose? use 1 and 2 for poultry farming and pig farming respectively

Boakye a fresh graduate from Kwadaso Agric college plans to invest in one of two animal farming business with a Ghc 1 million loan sourced from Ecobank. Investing in Pig farming will cost 105,000 while the poultry business will cost Ghc100,000. The pig farming business has a lifespan of 5 years while the poultry farm will last for 6 years. The poultry cage would be sold for a scrap which will fetch Steve Ghc40000. The year end cash flows from the two farms are shown in the table below. Assume time value of money is not consideredPeriod123456Pig farming2500045000400002000019000Poultry farming300005000050000500002700032,000 The payback period for the pig farming business is  Blank 1. Fill in the blank, read surrounding text. years

Steak House Farms plans to invest in one of two animal farming business with a Ghc 1 million  loan sourced from from GCB. Investing in Pig farming will cost 105,000 while the poultry business will cost Ghc100,000. The pig farming business has a lifespan of 5 years while the poultry farm will last for 6 years. The poultry cage would be sold for a scrap which will fetch Steve Ghc 40000.  The year end cash flows from the two farms are shown in the table below.Period123456Pig farming2500045000400002000019000Poultry farming300005000050000500002700032,000Assume interest rate to be 5 percent  Which of the two farming businesses would you recommend to Steak House Farm using the payback period technique? Use 1 and 2 to represent pig farming and poultry farming respectively  Blank 1. Fill in the blank, read surrounding text.

Baffour, a fresh graduate from Cape Coast Technical University wants to invest in one of two animal farming business with a $1 million  loan sourced from Ecobank. Investing in Pig farming will cost 105,000 while the poultry business will cost Ghc100,000. The pig farming business has a lifespan of 5 years while the poultry farm will last for 6 years. The poultry cage would be sold for a scrap which will fetch Baffour $ 40000.  The year end cashflows from the two farms are shown in the table below.Period123456Pig farming2500045000400002000019000Poultry farming300005000050000500002700032,000Assume interest rate to be 5 percent The payback period for the pig farming business is  Blank 1. Fill in the blank, read surrounding text.