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& P21-38 (similar to) Question Help * Sparow Laundromat is trying to enhance the services it provides to customers, mostly college students. I is looking into the purchase of new high-efficiency washing machines that will allow for the laundry's status to be checked via smartphone. Sparrow estimates the cost of the new equipment at $191,000. The equipment has a useful life of 9 years. Sparrow expects cash fixed costs of $80,000 per year to operate the new machines, as well as cash variable costs in the amount of 5% of revenues. Sparrow evaluates investments using a cost of capital of 10%. (Click the icon to view the Future Value of$1 factors. (Click the icon to view the Future Value of Annuity of $1 factors.) (Click the icon to view the Present Value of $1 factors Click the icon to view the Present Value of Annuity of $1 factors. Read the requirements Requirement 1. Calculate the payback period and the discounted payback period for this investment, assuming Sparrow expects to generate $150,000 in incremental revenues every year from the new machines. (Round your answer to two decimal places.) The payback period for the investment assuming uniform net cash inflows is years Requirements 1. Calculate the payback period and the discounted payback period for this investment, asming Sparrow expects to generate 150,000 in incremental revenues every year from the new machines. Assume instead that Sparrow expects an uneven stream of incremental cash revenues from installing the new washing machines. Based on this estimated revenue stream, what are the payback and discounted payback periods for the 2. investment? Year Projected Revenue S 95,000 $ 95,000 S 150,000 $120,000 190,000 $180,000 $150,000 $120,000 $195,000 Print Done