Average Rate of Return, Cash Payback Period, Net Present Value Method for a Service Company Spanish Peaks Rairoad Inc. is considering acquiring equipment at a cost of $164,000. The equipment has an estimated Ife of 10 years and no residual valie. It is expected to provide yearly net cash flows of $41,000. The company's minimum desired rate of return for net present value analysis is 12%. Present Value of an Annuitu of $1 at Comnnund Intaraet Compute the following: a. The average rate of return, giving effect to straight-line depreciation on the investment. If required, round your answer to one decimal place. b. The cash paybsck period. c. The net present value. Use the above table of the present value of an anmuity of 51 . Round to the nearest doliar. If required, use a minus sign to indicate negative net present value for current grading purpose. a. The averaee rate of return, glving effect to straight-line depreciation on the investment. If required, round your answer to one decimal place. x% b. The cash poybock period. c. The net present value, Use the above table of the present value of an annuity of \$1. Round to the nearest dollar. If required, use a minus sign to indicate negative net present vatue for current grading purpose