can you please help to solve this question

A piece of labor-saving equipment has just come onto the market that Mitsui Electronics, Limited, could use to reduce costs in one of its plants in Japan. Relevant data relating to the equipment follow: Required: 1a. Compute the payback period for the equipment. 1b. If the company requires a payback period of four years or less, would the equipment be purchased? 2a. Compute the simple rate of retum on the equipment. Use straight-line depreciation based on the equipment's useful life. Complete this question by entering your answers in the tabs below. Compute the payback period for the equipment. (Round your answer to 1 decimal place.) Complete this question by entering your answers in the tabs below. If the company requires a payback period of four years or less, would the equipment be purchased? Compute the simple rate of return on the equipment. Use straight-line depreciation based on the equipment's useful ife. (Round yout answer to 1 decimal place i,e, 0.123 should be considered as 12,3\%.) Vould the equipment be purchased if the company's required rate of return is 12%