22. The expected average rate of return for a proposed investment of $600,000 in a fixed asset, with a useful life of income of $240,000 for the 4 years, is a.40% b.20% c.60% d. 24% four years, straight-line depreciation, no residual value, and an expected total net 23. The amount of the average investment for a proposed investment of $90,000 in a fixed asset, with a useful life of four years, straight-line depreciation, no residual value, and an expected total net income of $21,600 for the 4 years, is: a. $10,800 b. $21,600 c. $5,400 d $45,000 The amount of the estimated average income for a proposed investment of $90,000 in a fixed asset, giving effect to depreciation (straight-line method), with a useful life of four years, no residual value, and an expected total income yield of $21,600, is: a. $10,800 b. $21,600 c. $ 5,400 d. $45,000 24. 25. An anticipated purchase of equipment for $580,000, with a useful life of 8 years and no residual value, is expected to yield the following annual net incomes and net cash flows: $60,000 50,000 50,000 40,000 40,000 40,000 40,000 40,000 $110,000 100,000 100,000 90,000 90,000 90,000 90,000 90,000 What is the cash payback period? a 5 years b. 4 years c. 6 years d. 3 years