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2. a The Walker Landscaping Company can purchase a piece of equipment for $3,600. The asset has a two-year life, will produce a cashflow of

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2. a The Walker Landscaping Company can purchase a piece of equipment for $3,600. The asset has a two-year life, will produce a cashflow of $600 in the first year and $4200 in the second year. The discount rate is 15%. What is the project's discounted payback and profitability index (PI) assuming steady cashflows? (Hint: use 4 decimal places for your calculations.) A. 1.97 years, 2.03. B. 2.97 years, 1.30. C. 1.97 years, 1.50. D. 2.97 years, 0.50. E. None of the above

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