A piece of labor-saving equipment has just come onto the market that Mitsul Electronics Ltd, could use to reduce costs in one of its plants in Japan Relevant data relating to the equipment follow Purchase cost of the equipment Annual cost savings that will be provided by the equipment Life of the equipment 5600,000 $100,eee 12 years Required: 18. Compute the payback period for the equipment 16. If the company requires a payback period of four years or less, would the equipment be purchased? 2a Compute the simple rate of return on the equipment. Use straight-line depreciation based on the equipment's useful life. 26. Would the equipment be purchased if the company's required rate of return is 129? Req 1A Req 1B Reg 2A Req 2B Compute the payback period for the equipment. (Round your answer to 1 decimal place.) Payback Period Years Req 1A Req 1B Req 2A Req 28 If the company requires a payback period of four years or less, would the equipment be purchased? Yes ONO Ron 4A Reg 1A Reg 1B Reg 2A Req 2B Compute the simple rate of return on the equipment. Use straight-line depreciation based on the equipment's useful life. (Round your answer to 1 decimal place le. 0.123 should be considered as 12.3%) Simple Rate of Return % Req 1A Reg 1B Req 2A R99 26 Would the equipment be purchased if the company's required rate of return is 12%? Yes ONO DADA