Need help finding Net Present Value for Old Backhoes AND IRR Factor for New and Old Backhoes

(a) Evaluate in the following ways whether to purchase the new equipment or overhaul the old equipment. (Hint: For the old machine, the initial investment is the cost of the overhaul. For the new machine, subtract the salvage value of the old machine to determine the initial cost of the investment.) (1) Using the net present value method for buying new or keeping the old. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45). Round final answer to O decimal places, e.g. 5,275.) Waterways should retain Old Backhoes v equipment. (3) Comparing the profitability index for each choice. (Round answers to 2 decimal places, e.g. 1.25) New Backhoes Old Backhoes Profitability Index Waterways should New Backhoes 1.91 retain Old Backhoes v equipment. Old Backhoes 3.41 Net Present Value Waterways should buy New Backhoes 595 v equipment. Calculate the internal rate of return factor for the new and old blackhoes. (Round answers to 5 decimal places, e.g. 5.27647.) (2) Using the cash payback method for each choice. (Hint: For the old machine, evaluate the payback of an overhaul.) (Round answers to 2 decimal places, e.g. 1.25) New Backhoes Old Backhoes New Backhoes Payback Period Old Backhoes 1.76 years IRR Factor (4) Comparing the internal rate of return for each choice to the required 8% discount rate. (4) Comparing the internal rate of return for each choice to the required 8% discount rate. Waterways should retain Old Backhoes v equipment.