facilities n LLU or a company that manufactures N95 masks and other PPE. You have 6 manufacturing are considering refe. The lighting in all these facilities is based on old conventional lightbulb technology. You received two propofting the factories with new LED lighting, which consumes less electricity. You have proposal is also listed above. 1. Which refit would you prefer? Explain why. You have approached a bank to loan you all the money for the refits, proposing a 10% interest rate. 2. Assuming the bank lends you all the money, which refit would you prefer? Explain why. 3. As a banker, which refit would you prefer to lend against ("Both" or "none" are not acceptable answers.) Use your financial calculator to come up with "part" of the answer. Calculate the Internal Rate of Return for both refits. NPV may be important for \#2. Answer in the lined space provided below AND on the next page