Concord Company is considering a capital investment of $182,400 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 $15,048 and $48,000, respectively. Concord has a 12% cost of capital rate, which is the required rate of return on the investment Click here to view PV table (a) Compute the cash payback period (Round answer to 1 decimal place, e8, 10.5) Cash payback period 38 years Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, es 10.52%) Annual rate of return (6) Using the discounted cash flow technique, compute the net present value of the represent value is negative, use either a negatives preceding the numbers. 45 or parentheseses (45). Round answer for present value to decimal places, s. 125. For calculation purposes us decimal places as displayed in the factor table provided)