Required Information The folowing information applies to the questions displayed below The manegement of Iroquois National Bank is considering an investment in automatic teler machines. The machines would cost $149.500 and have a useful life of seven years. The bank's controller has estimated that the automatic teler machines will save the bank $32.500 after taxes during each year of their life (ncluding the depreciation tax shield). The machines will have no salvage value use Agcendix A for your reference (Use appropriate factorts) from the tables provided) 3. Which of the following statements are true? (Select all that apply-) The net present-value method is preferable to the payback method The payback method is preferable to the net present-value method The payback period criterion fails to account for the time value of money if management uses the payback method, the investment will be approved oly t the required payback period is 46 years more The cut-off value for the payback period is very much dependent on the bank's hurdle rate The cut-off value for the payback period has nothing to do with the bank's hurdie rate References eBook & Resources Exercise Learning Objective, 16-01 Use the net- present-value method and the internal- te-of return method to evaluate an investment proposal Difficulty: Easy Leaming Objective 16-08 Use the payback method and accounting-rate-of- return method to evaluate capital