The management of East Manufacturing needs a new high tech sorting machine and has two different proposals under consideration. They require a rate of return of 10% (discount rate) and the Accounting Department has prepared the following information: Initial Investment Useful Life of Equipment Net Annual Cash Flow Salvage Value Click to open: A $3,700,000 7 years $900,000 $0 Clearly label and show calculations for full credit! No calculations = No credit. 1) Calculate the Payback Period for each option: Investment A: Investment B: 2) Calculate the Net Present Value of each option: Investment A: Investment B: B $3,400,000 7 years $800,000 $ 90,000