1. Mouser Company is evaluating a capital expenditure proposal with the following predicted cash flows: Initial investment $54,000 Operations: Year 1 Year 2 Year 3 Salvage value: $20,000 15,000 25,000 Additional information for interest rate of 12 percent Present value of $1-Year 1 Present value of $1-Year 2 Present value of $1-Year 3 0.89286 0.79719 0.71178 2.40183 ent value of an annuity of $1, (3 periods) Required: Determine the following values: a. "Net present value of the investment at a discount rate of 12 percent b. Payback period c. Accounting rate of return using average investment