A company is considering purchasing equipment to expand their business. The following information is available regarding the equipment.

Cost of Equipment	$100,000
Increase in Annual Contribution Margin	30,000
Estimated Life of the Equipment	5 years
Required Rate of Return	8%

Compute net present value (using the present value table in the textbook), payback period (rounded to two decimal places), internal rate of return (using the interpolation method and percentage should be rounded to two decimal places), and accrual accounting rate of return based on the net initial investment (assuming the straight-line depreciation method is applied).