Capital budgeting JackJoe, Inc. has an opportunity to purchase solar panels for its administration building. The details of this investment are below: 1. Compute the payback period of this investment (5 points) 2. Compute the Net Present Value of this investment discounted at 5% for 10, 20 and 30 years (15 points) Cost of solar panels 15,000 Federal tax credit 3,900 Net investment 9,100 Annual investment returns (reduced electricity expense, net of tax deduction) 1,500 Discount rate 5.00% Present value of annuity money factor 10 periods 5% discount rate 7.7217 Present value of annuity money factor 20 periods 5% discount rate 12.4622 Present value of annuity money factor 30 periods 5% discount rate 15.3725 Present value of annuity money factor 40 periods 5% discount rate 17.1591