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A. Cash payback period = ____ years

B. Net Present value =

C. Annual rate of return =

Cheyenne Growth Farms, a farming cooperative, is considering purchasing a tractor for $559,250. The machine has a 10-year life and an estimated salvage value of $41,000. Delivery costs and set-up charges will be $12,600 and $410, respectively. Cheyenne Growth uses straight-line depreciation and has a required rate of return of 9%. Cheyenne Growth estimates that the tractor will be used five times a week with the average charge to the individual farmers of $410. Fuel is $55 for each use of the tractor. The present value of an annuity of 1 for 10 years at 9% is 6.41766. (a) Cash payback period. (Round answer to 1 decimal places, e.g. 15.2.) Cash payback period years (b) The parts of this question must be completed in order. This part will b (c)