Exercise 14-13 (Algo) Payback Period and Simple Rate of Return Computations [LO14-1, LO14-6] A piece of labor-saving equipment has just come onto the market that Mitsui Electronics, Limited, could use to reduce costs in one o its plants in Japan. Relevant data relating to the equipment follow: Required: 1a. Compute the payback period for the equipment. 1b. If the company requires a payback period of four years or less, would the equipment be purchased? 2a. Compute the simple rate of return on the equipment. Use straight-line depreciation based on the equipment's useful life. 2 b. Would the equipment be purchased if the company's required rate of return is \15 ? Complete this question by entering your answers in the tabs below. Compute the payback period for the equipment. (Round your answer to 1 decimal place.) Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Compute the simple rate of return on the equipment. Use straight-line depreciation based on the equipment's useful ife. (Round your answer to 1 decimal place i.e. 0.123 should be considered as \12.3.) Complete this question by entering your answers in the tabs below. Would the equipment be purchased if the company's required rate of return is \15 ? Exercise 14-14 (Algo) Comparison of Projects Using Net Present Value [LO14-2] Labeau Products, Limited, of Perth, Australia, has \\( \\$ 18,000 \\) to invest. The company is trying to decide between two alternative uses for the funds as follows: The company's discount rate is \17. Click here to view and to determine the appropriate discount factor(s) using tables. Required: 1. Compute the net present value of Project \\( X \\). 2. Compute the net present value of Project \\( Y \\). 3. Which project would you recommend the company accept? Complete this question by entering your answers in the tabs below. Compute the net present value of Project X. (Negative amounts should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount.) Complete this question by entering your answers in the tabs below. Compute the net present value of Project Y. (Negative amounts should be indicated by a minus sign. Round your final answer to the nearest whole dollar amount.) Complete this question by entering your answers in the tabs below. Which project would you recommend the company accept? Project \\( X \\) Project \\( Y \\)