Josty Manufacturing Ine, has a manufachuring machine that needa attention. (Click the icen to viww additional intormajos) Joslis expects the following nat cash infows frem the bho ontigne (Click the icon to vien the nat cash Blows:) Josin uses straight ine depreciation and requires an annual return of 12% (Cick the lcon to vhew Prasent Value of 51 table) (Clok the kicon to view Present Value of Ordinary Armenity af 51 table of (Cick the icon to view Futuro Valie of 51 table ) (Cick the icon to veaw Fintare Value of Ordinary Aenuily of $1 tableti. Requirement 1. Compote the poyback, the APR, the NPV, and the proleabilit indes of these two options. Compute the payback for both options Begin by compioting the parback schedul for Option 1 (rolurbish). (Round your armiec to one decinal piace) The gitybac for Opbon 1 ( (refuabich curmet machine) is Now complete the naybark schedile for Opton 2 (purchasa). Inm Compute the ARR (accourting rate of ritimi) for asch of the ostoos. Compute the ARR (accounting rate of return) for each of the optons Compute the NPV for each of the options Begin with Option 1 (refurbish). (Enter the factors to three decimal places. X.XoXX Use parentheses or a minus sign for a negative net present value. Now compute the WPV for Option 2. (purchane). (Enter the factort to three decimal places 0 C. Uden parentheses of a minis sign for a nogative net petsent valae) Requirement 2. Which option should Joslin choose? Why? Review your answers in Requirement 1 Joslin should choose because this option has a payback period, an ARR that is the other option, a NPV, and its profitability index is Data table quiren Future Value of $1 Future Value of Ordinary Annuity of $1