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. Booth 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 $960,000. The NC equipment will last 5 years with no expected salvage value. The expected after-tax cash flows associated with the project follow: Required: Compute the payback period for the NC equipment. Compute the NC equipment's ARR. Round the percentage to one decimal place. 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. Compute the investment's IRR