Blossom Corporation is reviewing an investment proposal. The initial cost is $105,700, Estimates of the book value of the investment at the end of each year, the net cash flows for each year, and the net income for each year are presented in the following schedule. All cash flows are assumed to take place at the end of the year. The calvage value of the investment at the end of each year is azzumed to equal its book value. There would be no salvage value at the end of the investment's life. Investment Proposal Annual Year Book Value Cash Flows Annual Net Income 1 $70,500 $44,900 $9,700 2 42,400 39.200 11.100 3 20,600 36,000 14.200 4 6,800 29,100 15,300 5 0 25,205 18.405 Blossom Corporation uses an 11% target rate of return for new investment proposals Click here to view the factor table. (E) What is the cash payback period for this proposal? Round answer to 2 decimal places, 2, 1050) Cash payback period (b) D What is the annual rate of return for the investment? Round Grewer to 2 decimal places, 10.50 Annual rate of return for the investment 56 (d) What is the not present value of the investment? (If the net present value is negative, use either a negative sign preceding the number es -45 or parentheses eg (45) Round answer to O decimal places, eg. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Nat present value Attempts: 0 of 4 used Submit Answ box