This is a three part question, Please answer by hand

1. Your company is looking at purchasing a loader at a cost of $125,000. The loader would have a useful life of seven years. At the end of the seventh year the salvage value is estimated to be $10,000. The loader could be billed out at $85.00 per hour and costs $30.00 per hour to operate. The operator costs $25.00 per hour. Using 1,100 billable hours per year determine the annual equivalent for the purchase of the loader using a MARR of 22%. Should your company purchase the loader?
2. Determine the payback period without interest for the first Problem. If the maximum allowable payback period without interest for your company is four years, should your company purchase the loader?
3. Determine the payback period with interest for the first Problem. If the maximum allowable payback period with interest for your company is five years, should your company purchase the loader?