I only need part (a) answered. The answers are also given, just would like to see it worked out. Thank you

1. Capital Budgeting. SotCorp Beverage, Inc. operates drive-through daiquiri stores in the hinterlands of south Louisiana. SotCorp's management estimates that if it invests $250,000 in a new computerized drink-mixing system, it can generate $65,000 in additional revenues. The system has an expected useful life of 8 years and no salvage value. If the investment is made immediately, the system will be up and running and providing the additional revenue in about one year. The required rate of return is 8%. invest at time 0. and there will be eight 181 equal annual "good news" cash inflows of $65.000 beginning one year from the date of the investment, Years 1 through 8... this ain't hard...relax.) Required: dan a. Calculate the following for the new computerized drink-mixing system: i. Payback period ii. Accrual accounting rate of return based on the net initial investment (assume straight-line depreciation for eight years) iii. Net present value iv. Internal rate of return (using Excel) b. What other factors should SotCorp consider in deciding whether to purchase the new computerized drink- mixing system? 1.a.i. 3.85 years 1.a.ji. 13.5%/year 1.a.iii. NPV = $123,532 1.a.iv. IRR = 19.92%