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Payback, Accounting Rate of Return, Present Value, Net Present Value, Internal Rate of Return For discount factors use Exhibit 128.1 and Exhlbit 128.2. All scenarios are independent of all other scenarios. Assume that all cash flows are afteritax cash flows. a. Kambry Day is considering investing in one of the following two projects. Either project will require an investment of 520,000 , The expected cash foons for the two projects follow, Assume that each project is depreciable. b. Wilma Golding is retiring and has the option to take her retirement as a lump sum of $450,000 or to recelve $30,000 per year for 20 years. Wilma's required rate of return is 6%. c. David Booth is interestcd in investing in some tools and equipment so that he can do independent drywalling. The cost of the tools and equipment is s30,000. He estimates that the return from owning his own equipment wil be $9,000 per year. The tools and equipment will iast 6 years. d. Patsy Folson is evaluating what appears to be an attractive opportunity. She is currently the owner of a small manufacturing company and has the opportunity to acquire another small company's equipment that would provide production of a part currently purchased externally. She estimates that the savings from internal production will be $75,000 per year. She estimates that the equipment will last 10 years. The owner is asking $400,000 for the equipment. Her company's cost of capital is 8% Required: 1. Conceptual Connection: What is the payback period for each of Kambry Day's projects? Round your answers to two decimal places. Project A years Project B years If rapid payback is important, which project should be chosen? 2. Conceptual Connection: Which of Kambry's projects should be chosen based on the ARR? if roguired, round to the nearest percent. Accounting rate of retum (ARR) i Project A: ARit Project B: ARR. 3. Assuming that Wilma Golding will live for another 20 years, should she take the lump sum or the annuity? 4. Assuming a required rate of return of 8% for David Booth, calculate the NPV of the investment, If required, round to the nesrest dollar. NPV 1 Should David imvest? 5. Calculate the IRR for Patsy Folson's project. Round your answer tole nearest percent