Blossom inc. wants to replace its current equipment with new high-tech equipment. The existing equipment was purchased 5 years ago at a cost of $122,000. At that time, the equipment had an expected life of 10 years, with no expected salvage value. The equipment is being depreciated on a straight-line basis. Currently, the market value of the old equipment is $43,300. The new equipment can be bought for $174.900, including installation. Over its 10 -year life, it will reduce operating expenses from $192,600 to $145,100 for the first six years, and from $204,500 to $191,300 for the last four years. Net working capital requirements will also increase by $20,400 at the time of replacement. It is estimated that the company can seil the new equipment for $24,600 at the end of its life. Since the new equipment's cash flows are relatively certain, the project's cost of capital is set at 10%, compared with 15% for an average-risk project. The firm's maximum acceptable payback period is 5 years. Click here to view the factor table. Calculate the initial investment amount. Initial investment \$ eTextbook and Media Your answer is correct. Calculate the project's cash payback period. (Round answer to 2 decimal places, e.s. 15.25.) Cakculate the project's net present value. (If the net present value is negative, use either a negative sign preceding the number e.g. -45 or parentheses e.s. (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.8. 1.25124 and final answer to 0 decimal places, e.8. 5.275.) Net present value eTextbook and Media Assistance Used Attempts: 0 of 3 used (d) The parts of this question must be completed in order. This part will be available when you complete the part above