Hazen Manufacturing, Inc. has a manufacturing machine that needs attention. (Click the icon to view additional information.) Hazen expects the following net cash inflows from the two options: (Click the icon to view the net cash flows.) Hazen uses straight-line depreciation and requires an annual return of 14%. More info The company is considering two options. Option 1 is to refurbish the current machine at a cost of $1,300,000. If refurbished, Hazen expects the machine to last another eight years and then have no residual value. Option 2 is to replace the machine at a cost of $1,600,000. A new machine would last 10 years and have no residual value Requirement 1. Compute the payback, the ARR, the NPV, and the profitability Compute the payback for both options. Begin by completing the payback schol Net Cash Outflows Net Cash Inflows Year Amount Invested Annual Accumulated 0 $ 1,300,000 1 Print Done