need help with this asap please

Requirements 1. Compute the payback, the ARR, the NPV, and the profitability index of these two options. 2. Which option should Hazen choose? Why? More info The company is considering two options. Option 1 is to refurbish the current machine at a cost of $900,000. If refurbished, Hazen expects the machine to last another eight years and then have no residual value. Option 2 is to replace the machine at a cost of $1,800,000. A new machine would last 10 years and have no residual value. Data table Requirement 1. Compute the payback, the ARR, the NPV, and the profitability index of these two options. Compute the payback for both options. Begin by completing the payback schedule for Option 1 (refurbish) (Round your answer to one decimal place) The payback for Option 1 (refurbish current machine) is years Now comnlete the navback schedule for Ontion 2 (nurchase). The payback for Option 2 (purchase new machine) is years Arminuta the ARR (accountine tate of return) for each of the options Present value of each year's inflow: 12345678910(n=1)(n=2)(n=3)(n=4)(n=5)(n=6)(n=7)(n=8)(n=9)(n=10) Total PV of cash inflows 0 Initial investment Net present value of the project Requirement 2. Which option should Hazen choose? Why? Reviow your answers in Requirement 1 Hazen should choose because this option has a payback period, an ARR that is the other option, a NPV, and its profitability index is