Question: 1. Determine the average rate of return for a project that is estimated to yield total income of $206,880 over three years, has a cost

1. Determine the average rate of return for a project that is estimated to yield total income of $206,880 over three years, has a cost of $775,800, and has a $86,200 residual value. Round to the nearest whole number. ____%

2.

A project has estimated annual net cash flows of $48,500. It is estimated to cost $174,600.

Determine the cash payback period. If required, round your answer to one decimal place. ____ years

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