Payback Period. Net Present Value Analysts, and Qualitative Considerations The plant manager of Shannon Electronics Company is considering the purchase of new automated assembly equipment. The new equipment will cost $88, 030. The manager believes that the new investment will result in direct labor savings of $22,000 per year for 10 years. a. What is the payback period on this project? b. What is the net present value, assuming a 10% race of return? Use the table provided below. If required, enter a negative net present value using a minus sign