Q5: CPP Company is considering a new investment proposal with a 15-year useful life. What is the payback period if the initial investment is $443,000 with expected after-tax net cash flow of $74,000 and after-tax net income of $44,000? Should this investment be pursued? a. Calculate the payback period Payback period = b. Should we purchase this investment? Why or Why not? 26: Jolly Holiday Company is considering investing $41,000 in a new machine. The machine is expected to last 10 years and to have a salvage value of $2,000. The straight-line method of depreciation is used. Annual after-tax net cash flow from the machine is expected to be $8,000. Round depreciation to nearest DOLLAR. a. Calculate Annual Straight-line depreciation Annual depreciation = b. Calculate After-tax net income After tax net income = c. Calculate the Average Investment Average Investment = d. Calculate the Accounting (or Unadjusted) Rate of Return Accounting Rate of Return =