8. Ellie Company is considering purchasing a new vehicle at a cost of $89,700 which will result in an increase in net income of $7,000 per year. Depreciation on the vehicle will be $6,000 per year. What is the cash payback period? a. 3.2 years b. 6.9 years c. 8.4 years d. 12.8 years 9, A company requires a minimum rate of return of 10%. It is considering a project which costs $375,000 and is expected to generate cash inflows of $175,000 at the end of each year for 3 years. The Net Present Value of the project is: Use the table below to calculate your answer: 900 | 10% | 1290 917909 893 1.759 1.736 1.690 2 32.5312.4872.402 a. $200,000 b. $125,000 c. $340,875 d. $60,225