(Q14-Q17) Tip: Read the CH13 Lecture slides and solve the CH13 Handouts. Assume that your hotel decided to add new menu items to the restaurant's menu. This project will require your hotel to purchase new kitchen equipment. - The hotel owners expect all projects conducted in this company to meet the following decision criteria: - Payback period $0 - IRR > the company's required rate of return which is 8%. - The estimated kitchen equipment cost is $15,000 (Year 0), and incremental cash flows from this project (Year 1-5) are listed in the table. 14. What is the payback period of this project (years)? 15. What is the Net Present Value (NPV) (\$)? Note: Do not include \$, commas, years, or \%, when you type your answers. Round your answer to two decimal places. If your answer is a negative number, you MUST include a negative sign. Question 16 6pts 16. What is the Internal Rate of Return (IRR) (\%)? Note: Do not include \$, commas, years, or \%, when you type your answers. Round your answer to two decimal places. Question 17 5pts 17. Based on your answers and the decision criteria, determine whether you will accept or reject this project. Accept Reject