7. Arwood Corporation is considering the purchase of a new machine costing $380,000. The company's desired rate of return is 6%. The present value factor for an annuity of $1 at interest of 6% for 5 years is 4.212. In addition to the foregoing information, use the followino data in determining the acceptability of this investment: 6 POINTS a. What is the cash payback period for this investment? b. What is the average rate of return for this investment? c. What is the net present value for this investment? 8. Using the table below of present value of $1 at compound interest, the present value of $15,000 to be received 3 years hence with earnings at the rate of 6% a year is: 3 POINTS