Assuming that the company decides to buy the new equipment now, calculate the initial investment. correct answer : $2701100$

Calculate the net present value of investing in the new equipment. $($If the net present value is negative, use either a negative sign preceding the number e$.$g $-45$ or parentheses e$.$g$.(45).$ For calculation purposes, use $5$ decimal places as displayed in the factor table provided,e$.$g$.1\mathrm{.}25124$ and final answers to O decimal places, eg$.5,275.)$

If the maximum acceptable payback period for the company is $8$ years, calculate the payback period on this investment. $($Round answer to $1$ decimal place, e$.$g$.12\mathrm{.}5.)$