Visor Enterprises is considering three new projects, each requiring an equipment investment of S20 000 Each project will last for 3 years and produce the following cash inflows. The equipment's salvage value is zero Visor uses straight line depreciation Visor will not accept any project with a payback period over 2 years. Visor's minimum inquired rate of return is 12%. Cactus Industries recently purchased a new machine for its factory operations at a cost of $1, 680,000. The investment is expected to generate $500,000 m annual cash flows for a period of five years. The required rate of return is 12%. The new machine is expected to have zero salvage value at the end of the five-year period