Chapter 26 Question 1: (1 point) Calculate the average rate of return for an equipment that has a cost of $320,000, an estimated residual value of $20,000, and is estimated to result in total income of $170,000 over 5 years. Chapter 26 Question 2: (1 point) Calculate the cash payback period for an equipment that has a cost of $200,000. The net cash flows for years 1 through 5 are, $90,000, $60,000, $40,000, $20,000, and $15,000 respectively. Chapter 26 Question 3 (3 points) Warren Corporation is considering the purchase of a new equipment costing $500,000. The company desired rate of return is 10%. The net cash flows for years 1 through 5 are, $200,000, $160,000, $140,000, $100,000, and $60,000 respectively. The present value factors for $1 at 10% for 1 through 5 years are 0.909, 0.826, 0.751, 0.683, and 0.621 respectively. In addition, the following information is available: Required: Calculate the net present value. When entering your answer in Blackboard, omit $ signs.