Cowboy Recording Studlo is cansideting the investment of $132,400 in a new recording equipment: it is estimated that the new equipment will generate additional cash flow of $19,500 per year for each year of its 7 -year life and will have a salvage value of Noter Use appropriate factor(i) from the tables provided. Aound the PV factors to 4 decimals, Required: a. Calculate the net present value of the investment. b. Calculate the present value ratio of the irvestment c. What is the internal rate of return of this investment, relative to the cost of copital? d. Caiculate the poybsck period of the investment