PrintReferencesRequired:$1$a$.$ Compute the payback period for the equipment$\mathrm{.}1$b$.$ If the company requires a payback period of four years or less, would it buy the equipment?$2$a$.$ Compute the simple rate of return on the equipment. Use straight$-$line depreciation based on the equipment's useful life$\mathrm{.}2$ b$.$ Would the company buy the equipment if its required rate of return is $13\%?$Purchase cost of the equipmentAnnual cost savings that will be provided by the equipmentLife of the equipment

$$448,000$

$$80,000$

$10$ years

Mitsui Electronics, Limited, is considering buying a labor$-$saving pierce of equipment and provided the following data: