please help me answer s26-7 and if you can s26-8

S26-7 Using the payback and ARR methods to make capital investment Learni decisions Refer to the Hunter Valley Snow Park Lodge expansion project in Short Exercise $26-4 and your calculations in Short Exercises S26-5 and S26-6. Assume the expansion has zero residual valuc. Requirements 1. Will the payback change? Explain your answer. Recalculate the payback if it changes. Round to one decimal place. 2. Will the project's ARR change? Explain your answer. Recalculate ARR if it changes. Round to two decimal places. 3. Assume Hunter Valley screens its potential capital investments using the following decision criteria: 5.0 years Maximum payback period Minimum accounting rate of return 18.00% Will Hunter Valley consider this project further or reject it? S26-8 Using the payback and ARR methods to make capital investment Lear decisions ter Valley is deciding whether to purchase new accounting software. The back for the $30,050 sofrware package is two years, and the software's expected life s three years. Hunter Valley's required rate of return for this type of proiect is 100%. Assuming equal yearly cash flows, what are the expected annual net cash savings from the new software