Acct 202- Managerial Accounting (1) Homework: CH12 4 of 8 (2 complete) Score: 1.67 of 4 pts & E12-23A (similar to) Young industries is evaluating whether to invest in solar panels to provide some of the electrical needs of its main office building in Boulder, Colorado. The solar panel project (Click the icon to vie would cost $625,000 and would provide cost savings in its utility bills of $40,000 per(Click the icon to vie year. It is anticipated that the solar panels would have a life of 20 years and would have (Click the icon to view (Click the icon to view no residual value. Read the reauirements. Requirement 1. Calculate the payback period in years of the solar panel project. Determine the formula, then calculate the payback period. (Round your answer to two decimal places.) A Initial investment Expected annual net cash inflow Payback period 15.63 years 625,000 40,000 Enter any number in the edit fields and then click Check Answer. parts remaining Clear All Score: 1.67 of 4 pts & E12-23A (similar to) Click the icon to view the present value factor table. (Click the icon to view the present value annuity (Click the icon to view the future value faclor tabl JSick he.lon to view the future value annu / s to provide some of the st in solar par stri s i evaluating whether to i Y ng in electrical needs of its main office building in Boulder, Colorado. The solar panel project acuta st sesoo and would provide cost savings in its utility bils of $40,000 per year It is anticipated that the solar panels would have a life of 20 years and would have no residual value y Readjhe recurementbe Pu Requirement 2, ir the company uses a discount rate of 12%, what is the net present value of this pr minus sign for a negative net present value ) ? (Round your answer to the nearest whole dollar. Usep o ect The net present value of the project is