12. In 2019, Marka Mfg. bought a new building for $2,000,000. The annual net income is $250,000 and annual cash flow is $230,000. Calculate the cash payback period. a. 7 years b. 8 years c. 8.70 years d. 10.5 years The Clydesdale Company has sales of $4,500,000. It also has invested assets of $2,000,000 and operating expenses of $3,600,000. The company has established a minimum rate of return of 7%. 13. What is Clydesdale Company's residual income? a. $760,000 b. $1,400,000 c. $900,000 d. $252,000 14. What is Clydesdale Company's rate of return on investment? a. 25% b. 56% c. 45% d. 20% 15. What is Clydesdale Company's profit margin? a. 44.4% b. 18% c. 80% d. 20%