Your answer is partially correct. Try again. 8-year life and an ed salvage value of $2,690. Legend St tomobile hoist $24,900. d fr ight charges $2,290 d $700 spectively. Legend The new hoist will De used to replace mutners and tires on automobiles. Legend estimates that the new hoist wil enable his mechanics to replace 6 extra mufflers per week. Each murtler sells for $75 installed. The cost of a muffler is $41, and the labor cost to install a muffler is $1 Compute the cash payback period for the new holst. (Round answer to 2 declmalplaces, e.g. 10.50.) 25 years Cash payback period Compute the annual rate of retum far the new hoist. (Round answer to I decimal place, e.g. 10.5. Annual rate of retum Click if you would like to show Work for this question: LINK TO TET LINK TO TEXT Questi pts: 1. of 5 used SAVE FOR LATER SUUMLI