Cost-Benefit Analysis -conduct a cost-benefit analysis using the payback method and the net present value method for a project that will require $10,000 in capital outlay, $50,000 in equipment, and $10,000 in training during the first year. Each subsequent year will incur additional labor cost of $5,000 per year, reduce material costs by $15,000, and increase revenue by $20,000 per year.

1. Please include your formula for the Payback Method
2. Create table for the Net Present Value Method