Question: no excel please 5. (20 pts) A new process for manufacturing lead pencils will have a first cost of $35,000 and annual costs of $17,000.

no excel please
no excel please 5. (20 pts) A new process for manufacturing lead

5. (20 pts) A new process for manufacturing lead pencils will have a first cost of $35,000 and annual costs of $17,000. The new process will double their capacity. The extra income expected from the new process is $22,000 per year. (a) What is the no-return payback period for this project? (b) What is the payback period at an interest rate of 10% per year

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