45. Vanessa Company is evaluating a project requiring a capital expenditure of $480,000. The project has an estimated life of 4 years and no salvage value. The estimated net income and net cash flow from the project are as follows: (10 points) Year Net Income $ 90,000 80,000 40,000 30,000 $240.000 Net Cash Flow $210,000 200,000 160,000 150,000 $720.000 The company's minimum desired rate of return for net present value analysis is 15%. The factors for the present value of $1 at compound interest of 15% for 1, 2, 3, and 4 years are 0.870, 0.756, 0.658, and 0.572, respectively. Determine: (a) the average rate of return on investment and (b) the net present value for the project