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Cowboy Recording Studio is considering the investment of $143,900 in a new recording equipment. It is estimated that the new equipment will generate additional cash

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Cowboy Recording Studio is considering the investment of $143,900 in a new recording equipment. It is estimated that the new equipment will generate additional cash flow of $21,000 per year for each year of its 7-year life and will have a salvage value of $14,000 at the end of its life. Cowboys's financial managers estimate that the firm's cost of capital is 10%. Use Table 6-4 and Table 6-5. (Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals.) Required: a. Calculate the net present value of the investment. b. Calculate the present value ratio of the investment. c. What is the internal rate of return of this investment, relative to the cost of capital? d. Calculate the payback period of the investment. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Calculate the net present value of the investment. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations.) Net present value Required B > Cowboy Recording Studio is considering the investment of $143.900 in a new recording equipment. It is estimated that the new equipment will generate additional cash flow of $21,000 per year for each year of its 7-year life and will have a salvage value of $14,000 at the end of its life. Cowboys's financial managers estimate that the firm's cost of capital is to Use Table and Table (Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals.) Required: a. Calculate the net present value of the investment. b. Calculate the present value ratio of the investment. c. What is the internal rate of return of this investment, relative to the cost of capital? d. Calculate the payback period of the investment. Complete this question by entering your answers in the tabs below. Required Required D Required A Required B Calculate the present value ratio of the investment. (Round your answer to 2 decimal places Present value ratio Required c >

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