Payback, Accounting Rate of Return, Net Present Value, Internal Rate of Return Follow the format shown in Exhibit 14B-1 and Exhibit 14B-2 as you complete the requirements below. Craig Company wants to buy a numerically controlled (NC) machine to be used in producing specially machined parts for manufacrurers of tractors. The outlay required is $640,000. The NC equipment will last five years with no expected salvage value. The expected after-tax cash flows associated with the project follow: Compute the payback period for the NC equipment. Round your answer to two decimal places. years Compute the NC equipment's ARR. Round your answer to one decimal place. % Compute the investment's NPV, assuming a required rate of return of 10 percent. Round present value calculations and your final answer to the nearest dollar.$ Compute the investment's IRR. Payback, Accounting Rate of Return, Net Present Value, Internal Rate of Return Follow the format shown in Exhibit 14B-1 and Exhibit 14B-2 as you complete the requirements below. Craig Company wants to buy a numerically controlled (NC) machine to be used in producing specially machined parts for manufacrurers of tractors. The outlay required is $640,000. The NC equipment will last five years with no expected salvage value. The expected after-tax cash flows associated with the project follow: Compute the payback period for the NC equipment. Round your answer to two decimal places. years Compute the NC equipment's ARR. Round your answer to one decimal place. % Compute the investment's NPV, assuming a required rate of return of 10 percent. Round present value calculations and your final answer to the nearest dollar.$ Compute the investment's IRR