Current Attempt in Progress Pronghorn Company is considering a capital irwestment of $430,280 in additional productive facilities. The new machinery is expected to have a useful life of 5 years with no salvage value. Depreciation is computed by the straight-line method During the life of the investment, annual net income and cash flows are expected to be $40,000 and $124,000, respectively. Pronghom has a 1216 cost of capital rate, which is the minimum acceptable rate of returnon the imvestment. (a) Your answer has been sawed. See score details after the due date. Compute the annual rate of return. (Round answer to 1 decimal ploce, eg. 15.5.) Annual rate of return. Compute the cash poyback period on the proposed capital expenditure. (Round anawer to 2 declmai ploces, e-g, 15 25.) Cash paydackperiod years Attempts: 1 of 1 used (b) Using the discounted eash flaw technlque, compute the net present volue (Use thi above tabie) (Round foctor valies to 5 decinal places, eg. 1.25124 and finat answer to 0 decimal places, eg, 5,2751. Net pcosent value 5 Compute the cash paryback period an the proposed capital emenditure. Aound answor fo 2 decinal plocer, eg. 15.25] Cashpaback pericd vears (b) Attempte for 1 used plocel ey. 125124 and forel anwer foo decimal ploces, ess, 5.275) Net present value