(Q14-Q17) Tip: Read the Module 10 Content, solve the Handout 1 in Module 10, and review the Handout 1 Answer file. 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. 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)? Note: Do not include \$, commas, years, or \%, when you type your answers. Round your answer to two decimal places. 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 8 pts 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. 17. Based on your answers and the decision criteria, determine whether you will accept or reject this project. Accept Reject