City Hospital, a taxpaying entity, estimates that it can save $28,000 a year in cash operating costs for the next 10 years if it buys a special-purpose eye-testing machine at a cost of S110,000. No terminal disposal is expected. City Hospital's required rate of retum is 14%. Assume all cash flows occur at year-end except for initial investment amounts. City Hospital uses straight-line depreciation. The income tax rate is 30% transactions that affect income taxes. (Click the icon to view the Future Value of S1 factors.) (Click the icon to view the Present Value of $1 factors.) Read the requirements. (Click the icon to view the Future Value of Annuity of $1 factors.) (Click the icon to view the Present Value of Annuity of $1 factors.) Requirement 1. Calculate the following for the special-purpose eye-testing machine a. Net present value (NPR) (Round interim calculations and your final answers to the nearest whole dollar. Use a minus sign or parentheses for a negative net present value.) The not present value is s b. Payback period (Round your answer to two decimal places.) The payback period is years