Woods Company is considering the purchase of some equipment. The initial investment will be $100,000. . The estimated useful life of the equipment will be 5 years. The annual savings in cash operating costs will equal $19,000. The company has a minimum desired rate of return of 12%. Use straight-line depreciation and ignore income taxes. Compute: a. Net-present value b. Payback period c. Internal rate of return 00:01-2