32. CAM Co. is evaluating a project requiring a capital expenditure of $806,250. The project has an estimated life of four years and no salvage value. The estimated net income and net cash flow from the project are as follows: Year Net Cash Flow $285,000 290,000 190,000 $ 75,000 102,000 109,500 $322,500 The company's minimum desired rate of return is 12%. The present value of $1 at compound interest of 12% for 1, 2, 3, and 4 years is .893, .797, .712, and .636, respectively. Determine (a) the average rate of return on investment, giving effect to depreciation on the investment, and (b) the net present value. c. What is your recommendaton? Should the company accept the project? Which evaluation method is better and why? Would using the cash payback method yield a better evaluation result and why