1 & 2 please

The management team at Callahan Auto-parts has a policy of only accepting projects with a payback of 5.00 years or less. The company has a chance to acquire a new brake pad for their stores. To own the brake pad and produce it, the company will have to pay Tommy Boyd $707,718.00 today. To satisfy their payback rule, what annual cash flow must the brake pad produce? Submit Answer format: Currency: Round to: 2 decimal places. A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,924.00 to install, $5,039.00 to operate per year for 7 years at which time it will be sold for $6,829.00. The second, RayCool 8, costs $41,103.00 to install, $2,048.00 to operate per year for 5 years at which time it will be sold for $9,053.00. The firm's cost of capital is 6.09%. What is the equivalent annual cost of the RayCoolB? Assume that there are no taxes. Submit Answer format: Currency: Round to: 2 decimal places