Santana Rey is considering the purchase of equipment for Business Solutions that would allow the company to add a new product to its computer furniture line. The equipment is expected to cost $316,800 and to have a six-year life and no salvage value. The equipment is expected to generate income of $15,639 and net cash flow of $66,539 in each year of its six-year life. Santana requires an 8% return on all investments. PV of $1. FV of $1. PVA of $1, and FVA of $1 (Use appropriate factor(s) from the tables provided.) (Negative net present values should be indicated with a minus sign. Do not round intermediate calculations. Round your present value factor to 4 decimals and final answers to the nearest whole number.) Required: 1-a. Compute the payback period for this equipment 1-b. Compute the net present value for this equipment. 1-c. Compute internal rate of return for this equipment. 2. If Santana requires investments to have payback periods of four years or less, should she invest in this equipment? 3. If Santana requires investments to have at least an 8% internal rate of return, should she invest in this equipment? Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 10 Reg 2 and 3 Compute the payback period for this equipment. Payback Period Numerator: Denominator Cost of investment Annual net cash flow $ 316,800 / $ Payback period 4.76 years 66,539 - RAGA Req 1B > Complete this question by entering your answers in the tabs below. Req1A Reg 1B Reg 10 Reg 2 and 3 Compute the net present value for this equipment. Cash Flow Select Chart Net Cash Flows Present Value of Annuity at 9% Present Value of Net Cash Flows $ (316,800) Annual cash flow 86.539 Present Value of an Annuity of 1 Initial investment Net present value Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 10 Reg 2 and 3 Compute internal rate of return for this equipment. Present Value Factor Numerator: 1 Denominator: Initial investment 1 Annual net cash flow Present Value Factor $ 316,800 66,539 4.7611 Find this factor on the appropriate table to estimate the Internal Rate of Return no Intemal Rate of Return Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Req 1C Req 2 and 3 2. If Santana requires investments to have payback periods of four years or less, should she invest in this equipment? 3. If Santana requires investments to have at least an 8% Internal rate of return, should she invest in this equipment? 2. If Santana requires investments to have payback periods of four years or less, should she invest in this equipment? Do not invest 3. If Santana requires investments to have at least an 8% internal rate of return, should she invest in this equipment? Do not invest