Sonoma is considering investing in solar paneling for the roof of its large distribution facility. The The company uses the payback period and ARR to screen potential investments. Company investment will cost $9 million and have a six-year useful life and no residual value. Because of policy requires a payback period of less than five years and an ARR of at least 10%. Any rising utility costs, the company expects the yearly utility savings to increase over time, as potential investments that do not meet these criteria will be removed from further consideration follows: Read the requirements. Click the icon to view the yearly utility savings.) First enter the formula, then calculate the payback period. (Enter amounts in dollars, not millions. Round your answer to two decimal places.) Payback + ) years 2. Calculate the ARR of the solar panels. First enter the formula, then compute the ARR of the solar panels. (Enter amounts in dollars, not millions. Enter your answer as a percent rounded to two decimal places.) Accounting rate of return = % 3. Should Sonoma turn down the solar panel investment or consider it further? The payback period five years. The ARR 10%. Therefore, Sonoma should the solar panel investment. First enter the formula, then calculate the payback period. (Enter amounts in dollars, not millio Data Table Year 1. $ 1,000,000 Requirements Year 2 $ ollars, Year 3 $ 1,500,000 2,000,000 2,500,000 mal places.) Year 4 $ = $ 3,500,000 Calculate the payback period of the solar panels. Calculate the ARR of the solar panels Should Sonoma turn down the solar panel investment or consider it further? Year 5 Year 6 $ 4,500,000 Print Done Print Done Therefo Choose from any list or enter any number in the input fields and then continue to the next question. Provinur