Grove Corporation is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income of $201,300. The equipment will have an initial cost of $1,201,300 and an 8year useful life. The salvage value ofthe equipment is estimated to be $201,300. Grove's cost of capital is 12%. Note: Use appropriate factor from the PV tables. Required: a. What is the accounting rate of return? b. What is the payback period? c. What is the net present value? d. What would the net present value be with a 14% cost of capital? e. Based on the NPV calculations, what would be the equipment's internal rate of return? Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E What is the accounting rate of return? Note: Round your answer to 2 decimal places. Required B > Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E What is the payback period? Note: Round your answer to 1 decimal place. Payback Period Years Required A Required B Required C Required D Required E What is the net present value? Note: Do not round intermediate calculations and round your final answer to the nea Net Present Value ..................... Required A Required B Required C Required D Required E What would the net present value be with a 14% cost of capital? Note: Do not round intermediate calculations and round your final answer to the nearest dollar ar Net Present ValueRequired A Required B Required C Required D Required E E Based on the NPV calculations, what would be the equipment's internal rate of return? Note: Round your answer to 2 decimal places. -%