1) A Family Fun Center bought new bumper boats for its recreation facility. The useful life is 6 years. The bumper boats had a total cost $5,000 and wiil generate $1,500 cash inflows each year for the life of the boats The residual value of the bumper boats is $800. a. Find ARR for this investment bi Find Payback Period for this investment. 2) A Corporation is considering an investment in new equipment costing $180,000. The equipment will be depreciated on a straight-line baSIS over a five-year life and is expected to generate net cash Inflows of $45,000 the first year, 565,000 the second year, and $90,000 every year thereafter until the fifth year, The equipment has 510,000 residual value. a. What is the payback period for this investment? b. What is the ARR for this investment