Requirements Hazen Manufacturing, Inc. has a manufacturing machine that needs attention (Click the icon to view additional information.) Hazen expects the following net cash inflows from the two options: (Click the icon to view the net cash flows.) Hazen uses straight-line depreciation and requires an annual return of 14%. 1. Compute the payback, the ARR, the NPV, and the profitability index of these two options. 2. Which option should Hazen choose? Why? 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) Net Cash Outflows Net Cash Inflows Year Amount Invested Annual 0 $ 1,300,000 1 2 Accumulated Print Done