Please use a calculator or show all the work AND steps taken. DO NOT USE EXCEL TO SOLVE

5. Apex invests $225,000 in a piece of equipment that has a 5 year life. The firm has estimated the cash inflows associated with the proposal as shown in the following table. The firm has has a capital structure of 60% Debt and 40% Equity. The cost of Debt is 13.5% and the cost of equity is 21.50%. The company has a 40% tax rate. YOU WILL NEED TO DETERMINE THE WACC BEFORE SOLVING THE PROBLEM. (10 Points) Year Cash Flows 0 1 2 3 ($225,000) $52,500 $47,500 $65,000 $82,500 $90,000 4 5 Payback, NPV and IRR.Apex International is attempting to evaluate the feasibility of investing A. Calculate the payback period for the investment B. Calculate the NPV for the investment C. Calculate the IRR for the investment D. What recommendation would you make with respect to the project