Current Attempt in Progress Vilas Company is considering a capitat investment of $185,500 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 $12,614 and $53,000, respectively. Vilas has a 12% cost of capital rate, which is the required rate of return on the investment. Click here to view the factor table. (a) Compute the cash payback period. (Round answer to 1 decimal ploce. eg. 10.5.) Cash payback period years Compute the annual rate of return on the proposed capital expenditure. (Round onswer to 2 decimal places, eg. 10.52\%.) Anmual rate of return %