Assume that a company is considering purchasing a new piece of equipment for $240,000 that would have a useful life of 10 years and a salvage value of $24,000. The new equipment would cost $20,000 per year to operate and it would replace an old piece of equipment that costs $53,500 per year to operate. The old equipment currently being used could be sold for a salvage value of $40,000. The payback period for the new equipment is closest to: Multiple Choice O 19 years 6.0 years. 11.9 years 6.4 years Assume that a company is considering a $2,400,000 capital investment in a project that would earn net income for each of the next five years as follows: $1,900,000 800,000 1,100,000 Sales Variable expenses Contribution margin Fixed expenses: Out-of-pocket operating costs Depreciation Net operating income $300,000 400,000 700,000 $ 400,000 Click here to view Exhibit 148-1 and Exhibit 148-2. to determine the appropriate discount factor(s) using the tables provided. If the company's discount rate is 12%, then the project's net present value is closest to: Depreciation Net operating income Click here to view Exhibit 14B-1 and Exhibit 14B- the company's discount rate is 12%, then the Multiple Choice O $534,300. O $484,000. $(958,000) O $(500,590)