A piece of labor-saving equipment has just come onto the market that Mitsui Electronics, Ltd., could use to reduce costs in one of its plants in Japan. Relevant data relating to the equipment follow: $724,500 Purchase cost of the equipment Annual cost savings that will be provided by the equipment Life of the equipment $115,000 12 years Required: 1a. Compute the payback period for the equipment 1b. 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. 2b. Would the equipment be purchased if the company's required rate of return is 15%? Complete this question by entering your answers in the tabs below RegIA R18 Req ZA Compute the payback period for the equipment. (Round your answer to 1 decimal place.) Payback Period A piece of labor-saving equipment has just come onto the market that Mitsui Electronics, Ltd., could use to reduce costs in one of its plants in Japan. Relevant data relating to the equipment follow. $724,500 Purchase cost of the equipment Annual cost savings that will be provided by the equipment Life of the equipment $115,000 12 years Required: 1a. Compute the payback period for the equipment. 1b. 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. 2b. Would the equipment be purchased if the company's required rate of return is 15%? Complete this question by entering your answers in the tabs below. Req 1A Red18 Req 2A Reg 28 If the company requires a payback period of four years or less, would the equipment be purchased? A piece of labor-saving equipment has just come onto the market that Mitsui Electronics, Ltd., could use to reduce costs in one of its plants in Japan. Relevant data relating to the equipment follow. $724,500 Purchase cost of the equipment Annual cost savings that will be provided by the equipment Life of the equipment $115,000 12 years Required: 1a. Compute the payback period for the equipment 1b. 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. 2b. Would the equipment be purchased if the company's required rate of return is 15%? Complete this question by entering your answers in the tabs below. Reg 1A KA Reg 28 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 123%) Simple Rate of Return A piece of labor-saving equipment has just come onto the market that Mitsui Electronics, Ltd., could use to reduce costs in one of its plants in Japan. Relevant data relating to the equipment follow: $724,500 Purchase coat of the equipment Manual cost savings that will be provided by the equipment Life of the i nt $115.000 Required: Ta. Compute the payback period for the equipment Tb. If the company requires a payback period of four years or less, would the equipment be purchased? 2. Compute the simple rate of return on the equipment. Use straight line depreciation based on the equipment's useful life. 2b. Would the equipment be purchased if the company's required rate of return is 15%? Complete this question by entering your answers in the tabs below Reg LA Reg 13 Reg 2 Red 2A Ray Would the equipment be purchased if the company's required rate of return is 1597 lores