Please answer question 18 and use "Present Value tables" where they apply.

QUESTION 18 Pitt Company is evaluating two possible investments in depreciable plant assets. The company uses the straight-line method of depreciation. The following information is available: Investment A Investment B Initial capital investment $112,500 $160,000 Estimated useful life 5 years 5 years Estimated residual value $10,000 $15,000 Estimated annual net cash inflow $25,000 $40,000 Required rate of return 10% 10% 12% 3 vea Required payback period 3 years 3 years Required: a. Calculate the Payback Period for both investment options b. Calculate the Accounting Rate of Return for both investment options c. Calculate the Net Present Value (NPV) for both investment options d. Based on your calculations which machine, if either, should Pitt Company purchase? Support your