12) Bau Long-Haul, Incorporated, is considering the purchase of a tractor-trailer that would cost $281,656, would have a useful life of 7 years, and would have no salvage value. The tractortrailer would be used in the company's hauling business, resulting in additional net cash inflows. of $76,000 per year. The internal rale of return on the investment in the tractor-trailer is closest to (lgnore income taxes.): 13) The management of Lanzilota Corporation is considering a project that would require an investment of $185,000 and would last for 6 years. The annual net operating income from the project would be $102,000, which includes depreciation of $19,000. The scrap value of the project's assets at the end of the project would be $25,300. The cash inflows occur evenly throughout the year. The payback period of the project is closest to (Ignore income taxes.) (Round your answer to 1 decimal place.) 14) Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment. The net present valae of the investment is