A region vice-president for Allatoona, Inc. has an opportunity to manufacture and sell one of two new products for a four-year period. Her annual pay raises are determined by her region's return on investment (ROI), which has exceeded 15% each of the last ten years. She has computed the cost and revenue estimates for each product as follows: Initial investment: Cost of equipment (zero salvage value) Annual revenues and costs: Sales revenues Variable expenses Depreciation expense Fixed out-of-pocket operating costs The company's discount rate is 10%. Product Alpha Product Beta $ 745,000 $ 620,000 $1,235,000 $1,030,000 $ 720,000 $ 617,500 $ 204,000 $ 176,000 $ 270,000 $ 212,500 For each measure, identify whether Product Alpha or Product Beta is preferred based on your results. Required: Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor using tables. 1. Calculate the payback period for each product. 2. Calculate the net present value for each product. 3. Calculate the internal rate of return for each product. 4. Calculate the project profitability index for each product. 5. Calculate the simple rate of return for each product