1. Assume you are considering buying a food truck to sell food at local events. The ready to use outfit costs $55,000.00, and has an expected salvage value of $10,000.00 at the end of an expected 10 year life. You think you can generate gross operating revenues of $21,000.00 per year for each of the first 5 years, and you think cash expenses will be $15,000.00 per year for the first 5 years. After that you think you can find a few more customers, so you think gross operating revenue will increase to $28,000.00 per year for the second 5 years, with eash expenses expected to inerease slightly to $18,000.00 per year for the second five years of the truck's life as you learn more about how to run the business. Calculate both the Payback Period, and the Simple Rate of Return for this proposed investment, AND explain why the simple rate of return may provide a misleading answer in this instance