8. A capital budgeting proposal will generate a projected net operating income of $300,000 per year. The depreciation expense is $250,000 per year and the income tax rate is 30%. For the purpose of calculating net present value, what is the projected after-tax cash flows per year? Use the folloving infomation to answer questions 9-10 (Ignore income taxes in this problem) Haws Company is considering investing in a new piece of equipment that will cost $140,000 and last for seven years. After purchase, the equipment will generate a net operating income of $15,000 per year and a cash flow of $35,000 per year. 9. What is the payback period? 10. What is the simple rate of return