4_.16 points) (ignore income taxes in this problem.) New Tattoo Parlor is considering a capital budgeting project. This proiect will initially require a $25,000 investment in equipment and a $3,000 working capital investment. The useful life of this project is 5 years with an expected salvage value of zero on the equipment. The working capital will be released at the end of the 5 years. The new system is expected to generate net cash inflows of $9,000 per year in each of the 5 years. Nevus' discount rate '5 14%. The net present value of this project is closest to: 5. (6 points) {ignore income taxes in this problem.) mmrporation is investigating automating a process by purchasing a new machine for $520,000 that would have 3 8 year useful life and no salvage vaiue. By automating the process, the company would save $134,000 per year in cash operating \"'55-: The annual depreciation on the new machine would be $65,000. Required: Determine the simple rate of return on the investment to the nearest tenth ofa percent and the payback period. Show your work