Given the following cash flows for a capital project, calculate its payback period and discounted payback period. The required rate of return is 8 percent. Year 0 1 2 3 4 5 Cash Flows $-54500 $14350 $16350 $23800 $10000 $3000 The discounted payback period is O 0.16 year longer than the payback period. O 0.80 year longer than the payback period. O 1.47 years longer than the payback period. O 1.85 years longer than the payback period, Sandhill Solutions, Inc., has just invested $4,806,100 in new equipment. The firm uses a payback period criteria of rejecting any project that takes more than four years to recover its costs. Management anticipates cash flows of $737,200, $993,000, $1,012,400, $1,063,100, $2,133,400, and $1,782,500 over the next six years. (Round answer to 2 decimal places, eg. 15.25.) What is the payback period of this investment? Payback period is years. Should Sandhill Solutions, Inc. go ahead with this project? The firm the project Crane Corp. management is investigating two computer systems. The Alpha 8300 costs $2,706,625 and will generate cost savings of $1,033,725 in each of the next five years. The Beta 2100 system costs $2,940,500 and will produce cost savings of $1,287,750 in the first three years and then $2 million for the next two years. The company's discount rate for similar projects is 14 percent. What is the NPV of each system? (Enter negative amounts using negative sign, eg. -45.25. Do not round discount factors. Round other Intermediate calculations and final answer to decimal places, eg. 1,525.) NPV of Alpha system $ NPV of Beta system $ Which one should be chosen based on the NPV? Crane should chose the system