Hazen Manufacturing, Inc. has a manufacturing machine that needs attention. (Click the icon to view Present Value of $1 table.) (Click the icon to view additional information.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) Hazen expects the following net cash inflows from the two options: (Click the icon to view the net cash flows.) (Click the icon to view Future Value of $1 table.) Hazen uses straight-line depreciation and requires an annual return of 14%. (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements. Requirement 1. Compute the payback, the ARR, the NPV, and the profitability index of these two option Compute the payback for both options. Begin by completing the payback schedule for Option 1 (refurbish) Requirements 1. Compute the payback, the ARR, the NPV, and the profitability index of these two options. 2. Which option should Hazen choose? Why? Reference Reference