Can you please answer part 1 and 2.

Southern Cola is considering the purchase of a special purpose bottling machine for $28,000. It is expected to have a useful life of 7 years with a zero terminal disposal price. The plant manager estimates the following savings in cash-operating costs: Requirc 1. Compute the pay back period net of income taxes assuming a 40% tax rate using straight-line depreciation on the special purpose bottling machine 2. Compute the accrual accounting rate of return net of income taxes based on the net initial investment. Use the average annual savings in cash-operating costs when computing the numerator of the accrual accounting rate of return. Assume the straight line method is used when computing depreciation. (Assume a 40% income tax rate). (The Payback Period and Accounting Rate of Return videos in Module 10 should assist). (Complete on the Final project template on the blackboard an upload on the blackboard. PAYBACK PERIOD ACCRUAL ACCOUNTING RATE OF RETURN ARR