Harper Company is considering purchasing a new piece of equipment for $140,000. The equipment has a 10-year useful life and a zero salvage value. Use of this new equipment is expected to generate cost savings of $24,800 each year. The company's cost of capital is 10%. 1. The payback period on the equipment is (type in your payback period rounded to 2 decimal places) years. 2. The ROI (type in your return on investment) is 3. The Net Present Value is (type in your net present value rounded to 2 decimal places) 4. The Internal Rate of Return is (type in your internal rate of return