Consider the following mutually exclusive pieces of equipment that perform the same task. The two alternatives available provide the following set of after tax net cash flows: Year Cash Flow(A) Cash Flow(B) $30,000 |$30,000 13,000 6,500 13,000 6,500 13,000 6,500 6,500 6,500 6,500 6,500 6,500 6,500 Equipment A has an expected life of three years, whereas equipment B has an expected life of nine years. Assume a required rate of return of 14 percent. Equipment A has an expected life of three years, whereas equipment B has an expected life of nine years. Assume a required rate of return of 14 percent. a. Calculate each equipment's payback period. B. Calculate each equipment discounted payback period. C. Calculate each equipment Net Present Value (NPV) D. Calculate each equipment internal rate of return E. How would you rank the investments based on NPV criterion? F. how would you rank the investments based on the IRR criterion