$$1,20035\%15\%15\%5\mathrm{.}0ox\%$$$3,915ox$$$1,840$$$6,000$ for a machine that $it$ will depreciate $on$ a straight$-$line basis over $10$ years with $no$ salvage value. The machine will generate additional cash revenues $of$ $$1,200$ a year. Gravina will incur $no$ additional costs except for depreciation. Its income tax rate $is35\%.(For$ parts $3$ and $4of$ this question use Table $1$ and Table $2.)$

Required:

What $is$ the payback period $of$ the proposed investment under the assumption that the cash inflows occur evenly throughout the year? $(Round$ your answer $to1$ decimal places.$)$

What $is$ the accounting $(book)$ rate $of$ return $(ARR)$ based $on$ the initial investment outlay? $(Round$ your answer $to1$ decimal place.$)$

What $is$ the maximum amount that Gravina Company should invest $ifit$ desires $to$ earn $an$ internal rate $of$ return $(IRR)of15\%?(Round$ your final answer $to$ the nearest whole dollar amount.$)$

What $is$ the minimum annual $(pretax)$ cash revenue required for the project $to$ earn $a15\%$ internal rate $of$ return? $(Round$ your intermediate calculations and final answer $to$ the nearest whole dollar amount.$)$

$\begin{array}{cc}1.& \text{P}\text{a}\text{y}\text{b}\text{a}\text{c}\text{k}\text{p}\text{e}\text{r}\text{i}\text{o}\text{d}\\ ?& 5\mathrm{.}0ox\\ \text{y}\text{e}\text{a}\text{r}\text{s}& ?\\ 2.& \text{B}\text{o}\text{o}\text{k}\text{r}\text{a}\text{t}\text{e}of\text{r}\text{e}\text{t}\text{u}\text{r}\text{n}\\ ?& 6\mathrm{.}50\\ \%& ?\\ 3.& \text{M}\text{a}\text{x}\text{i}\text{m}\text{u}\text{m}\text{a}\text{m}\text{o}\text{u}\text{n}\text{t}\\ \text{\$}& 3\\ 915ox& ?\\ 4.& \text{M}\text{i}\text{n}\text{i}\text{m}\text{u}\text{m}\text{a}\text{n}\text{n}\text{u}\text{a}\text{l}(pretax)\\ \text{\$}& 1\\ 840& ?\end{array}$