112-Standard Costs and Planning fo estion 8 of 11 Your answer is correct 1.43/2.5 Carper was presented with a second capital investment that provided similar production facilities as the first one. This investment cost $405.000, had a useful life of 7 years with a salvage value of $15.000. Depreciation is by the straight-line method. During the life of the investment, annual net income and net annual cash flows are expected to be $26,460 and $81.000 respectively. Carper's 7% cost of capital is also the required rate of return on the investment. Compute the cash payback period. (Round answer to O decimal places; e.g. 25) Cash payback period eTextbook and Media 5 years (c2) Compute the annual rate of return. (Round answer to 2 decimal places, eg. 15.25%) Annual rate of return % (C3) Save for Later Attempts: 1 of 2 used Attempts: 0 of 2 used Subenit Answer The parts of this question must be completed in order. This part will be available when you complete the part above www.