Read the requirements. Requirement 1. Compute the payback, the ARR, the NPV, and the profitability index of these two options. Compute the payback for both options. Begin by completing the payback schedule for Option 1 (refurbish). Requirements 1. Compute the payback, the ARR, the NPV, and the profitability index of these two options. 2. Which option should Joslin choose? Why? additional information.) (Click the icon to view Pres Joslin expects the following net cash inflows Value of Ordinary Annuity of from the two options: table.) (Click the icon to view Future More info The company is considering two options. Option 1 is to refurbish the cyirent machine at a cost of $1,800,000. If refurbished, Joslin expects the machine to last another eight years and then have no residual value. Option 2 is to replace the machine at a cost of $3,600,000. A new machine would last 10 years and have no residual value. Data table