The management of lroquois National Bank is considering an investment in automatic teiler machines. The machines would cost $149,500 and have a useful Iife of seven years The bank's controller has estimated that the automatic teller machines will save the bank $32,500 after taxes during each year of their life including the depreciation tax shield). The machines will have no salvage value. Use Appendix A for your reference.(Use appropriate factorts) from the tables provided) velue 077 points Required: 1. Compute the payback period for the proposed investment (Round your answer to 1 decimal place.) References eBook& Resources Exercise Learning Objective: 16-01 Use the net- present-value method and the internal- rate-of-return method to evaluate an investment proposal Difficulty: Easy Learning Objective: 16-08 Use the payback method and accounting-rate-of- return method to evaluate capital investment projects. value 077 points 2. Compute the net present value of the proposed investment assuming an after-tax hurdle rate of (a) 10 percent, (b) 12 percent, and (c) 14 percent. (Negative amounts should be indicated by a minus sign. Round your final answers to the nearest dollar amount.) (a) 10 percent (b)112 percent (C) 14 percent