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It would be a huge help if you could explain the steps of this problem through excel. Please include all of the formulas that were used. Thanks!

Dean Consulting is considering purchasing two different types of servers. Server A will generate net cash inflows of $26,000 per year and have a zero residual value. Server A's estimated useful life is three years and it costs $46,000. Server B will generate net cash inflows of $30,000 in year 1, $12,000 in year 2, and $4,000 in year 3. Server B has a $5,000 residual value and an estimated life of three years. Server B also costs $46,000. Dean's required rate of return is 14%. Requirements 1. Calculate payback, accounting rate of return, net present value, and internal rate of return for both server investments. Use Microsoft Excel to calculate NPV and IRR. 2. Assuming capital rationing applies, which server should Dean invest in? Requirement 1. Calculate payback, accounting rate of return, net present value, and internal rate of return for both server investments. Use Microsoft Excel to calculate NPV and IRR. Begin with the payback period for Server A. (Round your answer to one decimal place, X.X.) Amount invested Ama 1 Expected annual net cash inflow Payback Server A $ years Now determine the payback period for Server B. (Round your answer to one decimal place, X.X.) The payback period for Server B is 3 years. Calculate the ARR (accounting rate of return) for both server investments. (Round all interim calculations to the nearest whole dollar. Round your answers to the nearest hundredth percent, X.XX%.) Average amount invested ARR Average annual operating income i $ $ Server A Server B EA EA Calculate the net present value (NPV) for both server investments. Use Microsoft Excel to calculate NPV. (Round the NPV calculations to the nearest whole dollar. Use parentheses or a minus sign for a negative net present value.) The NPV (net present value) of Server A is $ The NPV (net present value) of Server B is $ Calculate the IRR for both server investments. Use Microsoft Excel to calculate IRR. (Round the IRR calculations to two decimal places, X.XX%.) The IRR (internal rate of return) of server A is The IRR (internal rate of return) of server B is

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