Aex runs a small company called Ask Your Neigbour Pty Ltd, which hires equipment for an hour charge. Alex has had enquires from customers looking to hire a Forklift and a small excavator. Alex currenty does not have either of these but would like to expand his equipment avaliable for hire. Alex can only afford either a Forklift or an Excavator and is unsure which is the best investment. Alex provides the following estimates from his research: noditonar inormatoon: the reievant cash innows for both would be recelved consistently thoughout the yearis. Required: After conducting your analysis, answer the following questions. a) Does the forklift or the Excavator have the thortest Payback Period? b) If the cost of capital for Ask Your Neighbour Pty Ldd is 10\%. which purchase has the highest Net Present Value at the end of year 3 ? c) Based on your analyis, should Alex purchase the Forklit or the Excavaton