ABC Corporation is considering investing in a new piece of equipment that would allow them to automate their production process. The equipment would cost $550,000 and have a salvage value of $75,000 at the end of the 9 year useful life. The equipment would require a $125,000 repair at the end of year 6. The equipment is expected to generate additional annual cashflow from current customers of $220,000 however it will increase annual operating costs by 100,000. The company uses a 12% discount rate. Required: (8 Marks) A) Compute the Payback period B) Compute the Net Present Value (NPV) and comment whether the company should move forward or not. C) What other factors should the company consider?