Please show all work for the following (A-B) in order to receive thumbs up

A)

B)

Redbird Company is considering a project with an initial investment of $250,000 in new equipment that will yield annual net cash flows of $40,128 each year over its seven-year life. The company's minimum required rate of return is 12%. (Click here to see present value and future value tables) A. What is the internal rate of return? 18 X % Your company is planning to purchase a new log splitter for its lawn and garden business. The new splitter has an initial investment of $71,000. It is expected to generate $10,000 of annual cash flows, provide incremental cash revenues of $149,099, and incur incremental cash expenses of $130,000 annually. What is the payback period and accounting rate of return (ARR)? Round your answers to 1 decimal place. Payback period 2.6 X years 27 X % ARR