A company is considering purchasing factory equipment that costs $320,000 and is estimated to have a $20,000 salvage value at the end of its 6-year useful life. If the equipment is purchased, annual revenues are expected to be $90,000 and annual operating expenses including depreciation expense are expected to be $78,000. The straight-line method of depreciation would be used. The cash payback period (rounded) on the equipment is 4.83 years 6.40 years 5.16 years 3.55 years A company has a minimum required rate of return of 8% and is considering investing in a project that costs $140,000 and is expected to generate net cash flows of $46,000 at the end of each year for four years. The net present value of this project (rounded to whole dollars) is $15,758 $11,200 $12,358 $44,000