Follow the format shown in Exhibit 128.1 and Exhibit 128.2 as you complete the requirements below, Woodard Company wants to buy a cumerlcally controlled (NC) mschine to be used is producing spedahy machined parts for manifacturess of tractors. The outlay required is 5460,800 . The NC equipment will laut 5 vears with no expected salvaje value. The expected after-tas cash fows associated with the projecs follow: Requiredi 1. Compute the peyback paried for the NC equpment, Round your answer to two dacimail places. Years. 2. Compute the NC equipment's ARA, Round the percentage to ene decimal place, Assume straight-ine depraciation: dollar