9. A business is considering the purchase of equipment, which is projected to decrease labor costs over the next three years. Using the information presented in the following table and the methods presented in class (including the spreadsheet layout), create a spreadsheet which presents the calculation of the annual cash flows. Assume that the equipment is sold for the salvage value at the end of the third year. Using the riskadiusted cost of capital provided, calculate and present the NPV and IRR for the project. Should the equipment be purchased? Show all work (feel free to attach properly formatted work from Excel)