Question $7$

$1pts$

A company is considering investing in a new equipment that will cost the company $$2,746$ at time $=0.$ The after$-$tax cash flows are expected to be $$495$ each year for $13$ years. What is the payback period?

Enter your answer rounded off to two decimal points.

Question $8$

$1$ pts

A project has the following cash flows. Assume an interest rate of $12\%.$ What is the Equivalent Annual Annuity $($EAA$)?$

$\backslash$table$[[$Year$,$Cash Flow,,,$],[0,-$$$1,359,,,],[1,$$$881,,,],[2,$$$1,029,,,],[3,$$$1,174,,,],[4,$$$649,,,]]$

Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.