accounting 2 questions

Holland Corp. is considering the purchase ofa new piece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $272,000. The equipment will have an initial cost of $670,000 and have a 5-year life. If there is no salvage value of the equipment, what is the payback period? Multiple Choice 0 2.03 years 2.46 years 5.00 years O O 1.65 years 0 ThreeRivers Corp. is considering the purchase of a new piece of equipment with a life of 11 years. The internal rate of return of the project is 14%. ThreeRivers has a required rate of return (hurdle rate) of 10%. The project would have: Multiple Choice O a net present value of zero. O a payback period more than 11 years. O an accounting rate of return greater than 10%. O a net present value greater than zero