2. Bertha Lafferty invested $380,000 in a laundromat. The facility has a 10-year life expectancy with no expected salvage value. The laundromat will produce a net cash flow of $124,000 per year. What is the accounting rate of return? Enter your answer as a whole percentage value (for example, 16% should be entered as "16" in the answer box). fill in the blank 2 %

3. Melannie Bayless has purchased a business building for $324,000. She expects to receive the following cash flows over a 10-year period:

Year 1: $42,000

Year 2: $58,000

Year 3-10: $85,800

What is the payback period for Melannie? Round your answer to one decimal place. fill in the blank 3 years

What is the accounting rate of return? Enter your answer as a whole percentage value (for example, 16% should be entered as "16" in the answer box). fill in the blank 4 %