Need help with exercise 14-31

Please give details of the calculations.

Thanks

Exercise 14-31 Payback, Accounting Rate of Return, Net Present Value, Internal Rate of Return OBJEC Booth Company wants to buy a numerically controlled (NC) machine to be used in producing ally parts for manufacturers of The outlay is S960.000 equipment will 5 years expected salvage value. The expected after-tax cash flows associated with the project follow: Year Cash Revenues Cash Expenses $1,275,000. $900,000 1,275,000 900,000 1,275,000 900,000 1,275,000 900,000 1,275,000 900,000 Required: l. Compute the payback period for the NC equipment. 2. Compute the NC equipment's ARR. Round the percentage to one decimal place. 3. Compute the investment's NPV, assuming a required rate of return of 10%. 4. Compute the investment's IRR. Exercise 14-32 Payback, Accounting Rate of Return, Present value, Net Present Value oB. Internal Rate of Return All scenarios are independent of all other scenarios. Assume that all cash flows are after-tax cash flows. owing two projects Fither proiect