A major equipment purchase is being considered by Metro Atlanta. The initial cost is determined to be $1,000,000. It is estimated that this new equipment will save $100,000 the first

year and increase gradually by $50,000 every year for the next 6 years. MARR=10% Please note you need to show the steps for getting full credit. Just selecting the correct option without showing the steps will result in getting zero points. 5.1. The payback period for this equipment purchase. A) 8 yearsВ)6 yearsС) 5 years D) None of the options 5.2. The B/C ratio for this investment is A) 1.48B) 0.92С) 0.51D) None of the options 5.3. The NFW of this investment is A) -$72,678B) -$142,398C) -$116,129D) None of options6/6