ALSO PLEASE CALCULATE THE NET PRESENT VALUE AND THE ACCOUNTING RATE OF RETURN

Bramble Growth Farms, a farming cooperative, is considering purchasing a tractor for $576,500. The machine has a 10 -year life and an estimated salvage value of $61,000. Delivery costs and set-up charges will be $14,600 and $400, respectively. Bramble Growth uses straight-line depreciation and has a required rate of return of 9%. Bramble Growth estimates that the tractor will be used five times a week with the average charge to the individual farmers of $400. Fuel is $50 for each use of the tractor. The present value of an annuity of 1 for 10 years at 9% is 6.41766 . Click here to view PV tables. For the new tractor, compute the: (a) Cash payback period. (Round answer to 1 decimal places, e.g. 15.2.) Cash payback period years