ALCULATOR FULL SCREEN PRINTER VERSION RACK NEXT Exercise 12-10 (Video) Vilas Company is considering a capital investment of $193,500 in additional productive facilities. The new machinery is expected to have a useful life of 5 years with no salvage value Depreciation is by the straight-line method. During the life of the investment, annual net income and net annual cash flows are expected to be $12.771 and $45.000, respectively Vilas has a 12% cost of capital rate, which is the required rate of return on the investment. Click here to view Py table. Compute the cash payback period. (Round answer to 1 decimal place, e.g. 10.5.) Cash payback period years Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, eg. 10.5296.) Annual rate of return (b) Using the discounted cash flow technique, compute the net present value. ( the net present value is negative, use either a negative sign preceding the number e.o.45 or parentheses e.o. (45). Round answer for present value to o decimal places, e.g. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value Click if you would like to Show Work for this question: Open Shord Work