Average rate of return, cash payback period, net present value method for a service company The St. Louis to Seattle Raliroad is considering acquiring equipment at a cost of $256,000. The equipment has an estimated life of 10 years and no residual value. It is expected to provide yearfy net cash fows of $64,000. The company's minimum desired rate of return for net present value analyais is 12%6. Compute the following: a. The averabe rote of return, giving effect to straight-line depreciation on the inveatment. If required, round your andwer to ane decimal place. b. The cash payback period. we. Use the above table of the present value of an annuty of 51. Reund to the neareat dollar. If required, ive a minsi siz tai nacaif regative urrent grading purpose. Compute the following: a. The average rate of retur,, giving effect to straight-line deprecistion on the investment. If required, round your anmwer to ene ifecimal giace. b. The cash parback period