7) Software Hub is deciding whether to purchase new accounting software. The cost of the software package is $68,000, and its expected life is ten years. The payback for this investment is four years. Assuming equal yearly cash flows, what are the expected annual net cash savings from the new software? (Assume the investment has no residual value.) A) $6,800 B) $51,000 C) $17,000 D) $272,000 24) Y ates, Inc. is evaluating two possible investments in depreciable plant assets. The company uses the straight-line method of depreciation. The following information is available: Investment A Investment B $275,000 Initial capital investment Estimated useful life $225,000 7 years 8 years $15,000 Estimated residual value $20,000 Estimated annual net cash inflow for 10 years Required rate of return $35,000 $55,000 12% 12% Compute the payback period for each investment. Which would you prefer? Show your calculations and round to one decimal place. (8 points)