Payback, Accounting Rate of Return, Net Present Value, Internal Rate of Return Follow the format shown in Exhibit 128.1 and Exthibit 128.2 as you complete the requirements below, Woodard Company wants to buy a numerically controlled (NC) machine to be used in producing specially machined parts for manufacturers of tractors. The outlay required is 5460,800 . The NC equipment will last 5 years with no expected salvage walce. The expected after-tax cash flows associated with the project tollow: Required: 1. Compute the payback period for the NC equipment. Round your answer to two decimal places. years 2. Compute the NC equipment's ARR. Round the percentage to one decimal place, Assume straight-line depreciation. 3. Compute the investment's NPV, assuming a required rate of return of 10%. Round present value calculations and your final answer to the nearest dollar. 4. Compute the investment's IRR. Fendback roreduy wos 1. Poyback formula for even cash flows? Payback Period = Original Investment/Annual Cash Flow Review the "How to Calculate. Payback" example in the text. 2. Accounting Rate of Return (ARR): Accounting Rate of Return = Average Net Income/Investment Assume straight-line depreciation. Review the "How to Calculate the Accounting Rate of Return" example in the