Both Problem are related on some part So Solve Both. PLEASE!!!!!

I) The Turnkey Company is considering buying new equipment. The following table includes the estimated Cash Flows associated with the new equipment.

1. Complete the table below using the Payback Period Method

Year	Cash Flow	Cumulative
0	-32,000
1	0
2	12,000
3	21,000
4	10,000

2. What is the Payback Period for the new equipment? _______
3. Assume Turnkey management wants its money back within 3 years. Would management purchase this new equipment if Turnkey used the Payback Period Method? ____ Explain.

II) Below is a table of Cash flow estimates given Turnkey purchases another type of equipment.

1. Complete the table below using the Discounted Payback Period. Assume the wacc=8%

Year	Cash Flow	PV Cash Flows	Cumulative
0	-22,000
1	0
2	16,000
3	13,000
4	10,000

2. What is the Discounted Payback Period? _____
3. Assume management wants its money back within 3.5 years. Assume wacc=8%. Would Turnkey management accept this project if they used the Discounted Payback Method? _______Explain.