2a. Compute the simple rate of return promised by the outlet. (Round percentage answer to I decimal place. i.e. 0.123 should be considered as 12.3%.)2b. If Mr. Swanson requires a simple rate of return of at least 19%. should he acquire the franchise? Yes No 3a. Compute the payback period on the outlet. (Round your answer to 1 decimal place.) years 3b. If Mr. Swanson wants a payback of three years or less. will he acquire the franchise? Yes NoPaul Swanson has an opportunity to acquire a franchise from The Yogurt Place. Inc., to dispense frozen yogurt products under The Yogurt Place name. Mr. Swanson has assembled the following information relating to the franchise: a. A suitable location in a large shopping mall can be rented for $4.000 per month. b. Remodeling and necessary equipment would cost $348,000. The equipment would have a 20-year life and an $17.400 salvage value. Straight-line depreciation would be used, and the salvage value would be considered in computing depreciation. c. Based on similar outlets elsewhere, Mr. Swanson estimates that sales would total $430,000 per year. Ingredients would cost 20% of sales. d. Operating costs would include $83.000 per year for salaries. S4,800 per year for insurance, and $40.000 per year for utilities. In addition, Mr. Swanson would have to pay a commission to The Yogurt Place. Inc.. of 14.0% of sales