SP 24 Serial Problem Business Solutions (Static) LO P1, P2, P4 Santana Rey is considering the purchase of equipment for Business Solutions that would allow the company to add a new product to its computee fumiture line. The equipment is expected to cost $300,000 and to have a six-year life and no salvage value. The equipment is expected to generate income of $12.939 and net cash flow of $62.939 in each year of its six-year life Santana requires an 8% retutn on ail irvestments (PV of \$1. EV of S1. PVA of \$1, and EVA 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 requies limestments to hove paybock periods of four years or less, should she invest in this equipment? 3. If Sartano requires investments to tave ot least an 8% internal rate of retum, should she invest in this equipment? Complete this question by entering your answers in the tabs below. Catmpute the partack penod for this equipment. Complete this question by entering your answers in the tabs below. Compute the net present value for this equipment. (Negative values must be entered as a negative number.) Compute internal rate of return for this equipment