Franklin's Commercial Landscaping plans on investing $75,000 in additional equipment and expect the following yearly benefits presented in the table below. Assume their weighted average cost of capital is 7%. Show your work (numbers used) or no credit, round answers to 2 decimal places. Year Benefits 1 16,000 2 19,000 3 4 22,000 24,000 25,000 5 a. What is the payback in years on this investment? (Hint - these are uneven cash flows, see Payback with Uneven Cash Benefits in Chapter 10 Content) Year b. What is the PVB? (hint - Since these are uneven cash flows, you must treat each year as a "lump-sum. It is not an annuity (equal stream of payments). You can also look at example on pp 265-266. Benefit PV Factor Present Hint: you may use Value table in book/include 4 decimal places C. What is your NPV? d. What is the PI? e. What is the IRR? (Hint - you can use the tools provided in Chapter 8 Content, Excel, IRR Calculator or your own financial calculator) f. Should you purchase the equipment? Explain