Co boy Recording Studio s considering the investment o $133.000 in a new ecording equipment. It end of its life. Cowboys s tinancial managers estimate that the firm's cost of capital is 10%. Use a e estimated that the new equipment will generate additional cash now o $19.500 per yea for each year o its 7-year life and wil have a salvage value o $14,500 at the 4 and ab e 5 use appropriate facto s trom the tables provided. Round the PV factors to 4 deci al Required: a. Calculate the net present value of the investment. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations.) b. Calculate the present value ratio of the investment (Round your answer to 2 decimal places. c. What is the internal rate of return of this investment, relative to the cost of capita? d. Calculate the payback period of the investment. (Do not round intermediate caleulations. Round your answer to 2 decimal places.) years