Question: 2. Determine the average rate of return for a project that is estimated to yield total income of $36,000 over three years, has a cost

2. Determine the average rate of return for a project that is estimated to yield total income of $36,000 over three years, has a cost of $70,000, and has a $10,000 residual value. Answer should be %

4.A project has estimated annual net cash flows of $9,300. It is estimated to cost $41,850.

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

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