Problem 1: Giant Corporation is considering a major equipment purchase is being considered. The initial cost is determined to be $1,000,000. It is estimated that this new equipment will save $100,000 the first year and increase gradually by $50,000 every year for the next 6 years. MARR=10%. Briefly discuss. a. Calculate the payback period for this equipment purchase. b. Calculate the discounted payback period c. Calculate the Benefits Cost ratio d. Calculate the NFW of this investment