Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five- year period. His annual pay raises are determined by his division's return on investment (ROI), which has exceeded 19% each of the last three years. He has computed the cost and revenue estimates for each product as follows: Product Product B Initial investments cost of equipment (zero salvage value) $ 190,000 $400,000 Annual revenues and costs: $ 270,000 $ 370,000 Variable expenses $ 128,000 $ 178,000 Depreciation expense $ 38,000 $ 30,000 Fixed out-of-pocket operating costs $22.000 $ 52,000 Sales revenues The company's discount rate is 17% Click here to view Exhibit 12 Vand Sabit 128.2. to determine the appropriate discount factor using tables Required: 1. Calculate the payback period for each product 2. Calculate the net present value for each product 3. Calculate the internal rate of return for each product 4 Calculate the project profitability index for each product