Santana Rey Is considering the purchase of equlpment for Business Solutions that would allow the company to add a new product to Its computer furniture line. The equipment is expected to cost $327,600 and to have a six-year life and no salvage value. The equipment is expected to generate Income of $13,639 and net cash flow of $62,494 in each year of Its six-year life. Santana requires an 5% return on all investments. (PV of $1, FV of $1. PVA of $1, and FVA of $1 ) (Use approprlate factor(s) from the tables provlded.) (Negatlve net present values should be Indlcated with a minus sign. Do not round Intermedlate calculations. Round your present value factor to 4 decimals and final answers to the nearest whole number.) Requlred: 1-a. Compute the payback perlod 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 perlods of four years or less, should she invest in this equipment? 3. If Santana requires Investments to have at least an 5% Internal rate of return, should she Invest in this equipment? Complete this question by entering your answers in the tabs below. Compute the payback period for this equipment. Complete this question by entering your answers in the tabs below. Compute internal rate of return for this equipment. Complete this question by entering your answers in the tabs below. 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 5% internal rate of return, should she invest in this equipment? Table B.4 Future Value of an Annuity of 1 f=[(1+i)n1]/i Table B.3 PresentValueofanAnnuityof1 p=[11/(1+i)n]/i Table B. 2 Future Value of 1 f=(1+i)n Table B.1* Present Value of 1 p=1/(1+i)n *Used to compute the present value of a known future amount. For example: How much would you need to invest today at 10% co semiannual periods and a semiannual rate of 5% ), the factor is 0.5568 . You would need to invest $2,784 today (\$5,000 0.5568)