Second time asking this question because first answers were not correct. please answer correctly!! thank you

Paul Swanson has an opportunity to acquire a franchise from The Yogurt Place, Incorporated, to dispense frozen yogurt products under The Yogurt Place name. Mr. Swanson has assembled the following information relating to the franchise: a. A sultable location in a large shopping mall can be rented for $3,200 per month. b. Remodeling and necessary equipment would cost $300,000. The equipment would have a 20 -year life and a $15,000 salvage value, Stralght-line depreclation would be used, and the salvage value would be considered in computing depreciation. c. Based on simillar outlets elsewhere, Mr. Swanson estimates that sales would total $350,000 per year. Ingredients would cost 20% of sales. d. Operating costs would include $75,000 per year for salaries, $4,000 per year for insurance, and $32,000 per year for utlitities. In addition, Mr. Swanson would have to pay a commission to The Yogurt Place, Incorporated, of 15.0% of sales. Required: 1. Prepare a contribution format income statement that shows the expected net operating income each year from the franchise outlet. 2-a. Compute the simple rate of return promised by the outlet. 2-b. If Mr. Swanson requires a simple rate of return of at least 19%, should he acquire the franchise? 3-a. Compute the payback period on the outlet. 3-b. If Mr. Swanson wants a payback of three years or less, will he acquire the franchise? outlet. Compute the simple rate of retum promised by the outlet. (Round your answer to 1 decimal place.) Compute the payback period on the outlet. (Round your answer to 1 decimal place.)