Roberts Company is considering an investment in equipment that is capable of producing more efficiently than the current technology. The outlay required is $2,200,000. The equipment is expected to last five years and will have no salvage value. The expected cash flows associated with the project are as follows: The present value tables provided in Exhibit 19B.1 and Exhibit 19B.2 must be used to solve the following problems. Required: 1. Compute the project's payback period. If required, round your answer to two decimal places. years 2. Compute the project's accounting rate of return. Enter your answer as a whole percentage value (for example, 16% should be entered as " 16 " in the answer box). % 3. Compute the project's net present value, assuming a required rate of return of 10 percent. When required, round your answer to the nearest dollar. q 4. Compute the project's internal rate of return. Enter your answers as whole percentage values. Between % and % t \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline Periods & 2% & 4% & 6% & 8% & 10% & 12% & 14% & 16% & 18% & 20% & 22% & 24% & 26% & 28% & 30% & 32% & 40% \\ \hline 1 & 0.980 & 0.962 & 0.943 & 0.926 & 0.909 & 0.893 & 0.877 & 0.862 & 0.847 & 0.833 & 0.820 & 0.806 & 0.794 & 0.781 & 0.769 & 0.758 & 0.714 \\ \hline 2 & 1.942 & 1.866 & 1.833 & 1.783 & 1.736 & 1.690 & 1.647 & 1.605 & 1.566 & 1.528 & 1.492 & 1.457 & 1.424 & 1.392 & 1.361 & 1.331 & 1.224 \\ \hline 3 & 2.884 & 2.775 & 2.673 & 2.577 & 2.487 & 2.402 & 2.322 & 2.246 & 2.174 & 2.106 & 2.042 & 1.981 & 1.923 & 1.868 & 1.816 & 1.766 & 1.589 \\ \hline 4 & 3.808 & 3.630 & 3.465 & 3.312 & 3.170 & 3.037 & 2.914 & 2.798 & 2.690 & 2.589 & 2.494 & 2.404 & 2.320 & 2.241 & 2.166 & 2.096 & 1.849 \\ \hline 5 & 4.713 & 4.452 & 4.212 & 3.993 & 3.791 & 3.605 & 3.433 & 3.274 & 3.127 & 2.991 & 2.864 & 2.745 & 2.635 & 2.532 & 2.436 & 2.345 & 2.035 \\ \hline 6 & 5.601 & 5.242 & 4.917 & 4.623 & 4.355 & 4.111 & 3.889 & 3.685 & 3.498 & 3.326 & 3.167 & 3.020 & 2.885 & 2.759 & 2.643 & 2.534 & 2.168 \\ \hline 7 & 6.472 & 6.002 & 5.582 & 5.206 & 4.868 & 4.564 & 4.288 & 4.039 & 3.812 & 3.605 & 3.416 & 3.242 & 3.083 & 2.937 & 2.802 & 2.677 & 2.263 \\ \hline 8 & 7.325 & 6.733 & 6.210 & 5.747 & 5.335 & 4.968 & 4.639 & 4.344 & 3.078 & 3.837 & 3.619 & 3.421 & 3.241 & 3.076 & 2.925 & 2.786 & 2.331 \\ \hline 9 & 8.162 & 7.435 & 6.802 & 6.247 & 5.759 & 5.328 & 4.946 & 4.607 & 4.303 & 4.031 & 3.786 & 3.566 & 3.366 & 3.184 & 3.019 & 2.868 & 2.379 \\ \hline 10 & 8.983 & 8.111 & 7.360 & 6.710 & 6.145 & 5.650 & 5.216 & 4.833 & 4.494 & 4.192 & 3.923 & 3.682 & 3.465 & 3.269 & 3.092 & 2.930 & 2.414 \\ \hline 11 & 9.787 & 8.760 & 7.887 & 7.139 & 6.495 & 5.938 & 5.453 & 5.029 & 4.656 & 4.327 & 4.035 & 3.776 & 3.543 & 3.335 & 3.147 & 2.978 & 2.438 \\ \hline 12 & 10.575 & 9.385 & 8.384 & 7.536 & 6.814 & 6.194 & 5.660 & 5.197 & 4.793 & 4.439 & 4.127 & 3.851 & 3.606 & 3.387 & 3.190 & 3.013 & 2.456 \\ \hline 13 & 11.348 & 9.986 & 8.853 & 7.904 & 7.103 & 6.424 & 5.842 & 5.342 & 4.910 & 4.533 & 4.203 & 3.912 & 3.656 & 3.427 & 3.223 & 3.040 & 2.469 \\ \hline 14 & 12.106 & 10.563 & 9.295 & 8.244 & 7.367 & 6.628 & 6.002 & 5.468 & 5.008 & 4.611 & 4.265 & 3.962 & 3.695 & 3.459 & 3.249 & 3.061 & 2.478 \\ \hline 15 & 12.849 & 11.118 & 9.712 & 8.559 & 7.606 & 6.811 & 6.142 & 5.575 & 5.092 & 4.675 & 4.315 & 4.001 & 3.726 & 3.483 & 3.268 & 3.076 & 2.484 \\ \hline 16 & 13.578 & 11.652 & 10.106 & 8.851 & 7.824 & 6.974 & 6.265 & 5.668 & 5.162 & 4.730 & 4.357 & 4.033 & 3.751 & 3.503 & 3.283 & 3.088 & 2.489 \\ \hline 17 & 14.292 & 12.166 & 10.477 & 9.122 & 8.022 & 7.120 & 6.373 & 5.749 & 5.222 & 4.775 & 4.391 & 4.059 & 3.771 & 3.518 & 3.295 & 3.097 & 2.492 \\ \hline 18 & 14.992 & 12.659 & 10.828 & 9.372 & 8.201 & 7.250 & 6.467 & 5.818 & 5.273 & 4.812 & 4.419 & 4.080 & 3.786 & 3.529 & 3.304 & 3.104 & 2.494 \\ \hline 19 & 15.678 & 13.134 & 11.158 & 9.604 & 8.365 & 7.366 & 6.550 & 5.877 & 5.316 & 4.843 & 4.442 & 4.097 & 3.799 & 3.539 & 3.311 & 3.109 & 2.496 \\ \hline 20 & 16.351 & 13.590 & 11.470 & 9.818 & 8.514 & 7.469 & 6.623 & 5.929 & 5.353 & 4.870 & 4.460 & 4.110 & 3.808 & 3.546 & 3.316 & 3.113 & 2.497 \\ \hline 21 & 17.011 & 14.029 & 11.764 & 10.017 & 8.649 & 7.562 & 6.687 & 5.973 & 5.384 & 4.891 & 4.476 & 4.121 & 3.816 & 3.551 & 3.320 & 3.116 & 2.498 \\ \hline 22 & 17.658 & 14.451 & 12.042 & 10.201 & 8.772 & 7.645 & 6.743 & 6.011 & 5.410 & 4.909 & 4.488 & 4.130 & 3.822 & 3.556 & 3.323 & 3.118 & 2.498 \\ \hline 23 & 18.292 & 14.857 & 12.303 & 10.371 & 8.883 & 7.718 & 6.792 & 6.044 & 5.432 & 4.925 & 4.499 & 4.137 & 3.827 & 3.559 & 3.325 & 3.120 & 2.499 \\ \hline 24 & 18.914 & 15.247 & 12.550 & 10.529 & 8.985 & 7.784 & 6.835 & 6.073 & 5.451 & 4.937 & 4.507 & 4.143 & 3.831 & 3.562 & 3.327 & 3.121 & 2.499 \\ \hline 25 & 19.523 & 15.622 & 12.783 & 10.675 & 9.077 & 7.843 & 6.873 & 6.097 & 5.467 & 4.948 & 4.514 & 4.147 & 3.834 & 3.564 & 3.329 & 3.122 & 2.499 \\ \hline 26 & 20.121 & 15.983 & 13.003 & 10.810 & 9.161 & 7.896 & 6.906 & 6.118 & 5.480 & 4.956 & 4.520 & 4.151 & 3.837 & 3.566 & 3.330 & 3.123 & 2.500 \\ \hline 27 & 20.707 & 16.330 & 13.211 & 10.935 & 9.237 & 7.943 & 6.935 & 6.136 & 5.492 & 4.964 & 4.524 & 4.154 & 3.839 & 3.567 & 3.331 & 3.123 & 2.500 \\ \hline 28 & 21.281 & 16.663 & 13.406 & 11.051 & 9.307 & 7.984 & 6.961 & 6.152 & 5.502 & 4.970 & 4.528 & 4.157 & 3.840 & 3.568 & 3.331 & 3.124 & 2.500 \\ \hline 29 & 21.844 & 16.984 & 13.591 & 11.158 & 9.370 & 8.022 & 6.983 & 6.166 & 5.510 & 4.975 & 4.531 & 4.159 & 3.841 & 3.569 & 3.332 & 3.124 & 2.500 \\ \hline 30 & 22.396 & 17.292 & 13.765 & 11.258 & 9.427 & 8.055 & 7.003 & 6.177 & 5.517 & 4.979 & 4.534 & 4.160 & 3.842 & 3.569 & 3.332 & 3.124 & 2.500 \\ \hline \end{tabular}