Payback, Accounting Rate of Return, Present Value, Net Present Value, Internal Rate of Return For discount factors use Exhibit 12B.1 and Exhibit 12B.2. All scenarios are independent of all other scenarios. Assume that all cash flows are after-tax cash flows. b. Wilma Golding is retiring and has the option to take her retirement as a lump sum of $450,000 or to receive $30,000 per year for 20 years. Wilma's required rate of return is 6%. The tools and equipment will last 6 years. capital is 8%. 1. Conceptual Connection: What is the payback period for each of Kambry Day's projects? Round your answers to two decimal places. Project A Project B years years If rapid payback is important, which project should be chosen? 2. Conceptual Connection: Which of Kambry's projects should be chosen based on the ARR? If required, round to the nearest percent. Accounting rate of return (ARR): Project A: ARR % Project B: ARR % 3. Assuming that Wilma Golding will live for another 20 years, should she take the lump sum or the annuity? 4. Assuming a required rate of return of 8% for David Booth, calculate the NPV of the investment. If required, round to the nearest dollar. NPV $ Should David invest? 5. Calculate the IRR for Patsy Folson's project. Round your answer to the nearest percent. % Should Patsy acquire the equipment