Question: A) Determine the average rate of return for a project that is estimated to yield total income of $445,160 over four years, has a cost

A)

Determine the average rate of return for a project that is estimated to yield total income of $445,160 over four years, has a cost of $639,000, and has a $79,000 residual value. Round to the nearest whole number.

B)

A project has estimated annual net cash flows of $42,500. It is estimated to cost $374,000.

Determine the cash payback period. Round your answer to one decimal place. ______ years

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