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Please show the working note. Thank you. Tippy Toe Spa Company offers various services, such as facials, laser hair removal and microdermabrasion. Currently, the company

image text in transcribedPlease show the working note. Thank you.

Tippy Toe Spa Company offers various services, such as facials, laser hair removal and microdermabrasion. Currently, the company is considering purchasing the following spa equipment: Laser Hair Removal Machines Microdermabrasion Machines Facial Oxygen Units Cost per Machine $65,900 $29,900 $24,800 Annual Cash Inflow $124,300 $211,300 $40,600 Annual Cash Outflow $91,100 $198,800 $29,000 Required Rate of Return 10% 4% Useful Life 3 years 4 years 2 years Residual Value $810 $0 11% $900 Assume that each equipment's annual cash flow will occur for the period equal to its useful life. Do not enter dollar signs or commas in the input boxes. Use the present values tables in the textbook appendix. Use the negative sign for negative values. Round your answers to the nearest whole number. a) Determine the NPV of each piece of equipment. Laser Hair Removal Machine: $ Microdermabrasion Machine: $ Facial Oxygen Unit: $ b) For each piece of equipment, determine the maximum acceptable price using the NPV method. Laser Hair Removal Machine: $ Microdermabrasion Machine: $ Facial Oxygen Unit: $ c) Determine the payback period for each piece of equipment. Round your answers to 1 decimal place. Laser Hair Removal Machine: Years Microdermabrasion Machine: Years Facial Oxygen Unit: Years

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