Ausprey is considering an expansion program to increase the sophistication of the exercise equipment. The equipment will cost $24,300 and has an estimated life of five years. Ausprey is not sure how many members the new equipment will attract, but he estimates that his increased annual cash flows for each of the next five years will have the following probability distribution. Ausprey's cost of capital is 14 percent. Probability Cash flow 04 $3.980 5.280 0.2 0.2 8.140 0.2 10,600 a. What is the expected cash flow? b. What is the expected NPV? (Do not round intermediate calculations. Round the final answer to the nearest whole dollar) c. What is the expected IRR? (Do not round intermediate calculations Round the final answer to 2 decimal places) d. Should Ausprey buy the new equipment? e. Give one reason why the NPV method is preferred over IRR