1. Consider the following mutually exclusive pieces of equipment that perform the same task. The two alternatives available provide the following set of after-tax net cash flows: Year Cash Flow(A) Cash Flow(B) $30,000 $30,000 13,000 6,500 13,000 6,500 alo 13,000 6,500 6,500 6,500 6,500 6,500 6,500 6,500 Equipment A has an expected life of three years, whereas equipment B has an expected life of nine years. Assume a required rate of return of 14 percent. a. Calculate each equipment's payback period. (Rounded to two decimal places) b. Calculate each equipment's discounted payback period. (Rounded to 2 decimal places) C. Calculate each equipment's Net Present Value (NPV). (Rounded to 2 decimal places) d. Calculate each equipment's internal rate of return. (Rounded to 2 decimal places) e. How would you rank the investments based on the NPV criterion? f. How would you rank the investments based on the IRR criterion