. Four Methods. Crandall Company purchased a farm tractor for \(\$ 100,000\). The cash inflow from using the tractor is expected to be \(\$ 25,000\) per year for eight years. Crandall uses a 15 percent cutoff rate.

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Use straight-line depreciation where needed, and ignore taxes. What is the payback period, the estimated IRR, the NPV, and the ARR?