You have been asked by the president of your company to evaluate the proposed acquisition of a spectrometer for your lab. The base price of the equipment is $185,000. The spectrometer would increase annual cash flows by: Year 1: 65,000 Year 2: 75,000 Year 3: 80,000 Year 4: 45,000 The cost of capital is 12%. What is the payback period, NPV, IRR and MIRR? Would you purchase this piece of equipment