A businessman is considering purchasing a piece of capital equipment for a given amount of money. The businessman estimates that the capital piece of equipment will last for (n) number of years and will need to be replaced. It has no salvage value. The piece of equipment will provide a constant cash flow of (n) dollars per year for (Y) years. a. If he pays (X) dollars for the equipment today, what is the net present value at an interest rate of 7%. Should the individual purchase the equipment? b. If he pays (X) dollars for the equipment today, what is the net present value at an interest rate of 5%. Should the individual purchase the equipment? c. Assume that the seller of the equipment allows the buyer to defer, without interest or penalty, payment of the piece of equipment until the end of the second year. What is the net present value of the equipment at an interest rate of 7%. Should the individual purchase the equipment