Answer Questions Together based on Rate of Return. Write Down steps for full credit Question 1 (3 Parts) Partl: An asset (investment) costs $380,000, has a twelve-year useful life and no residual value. The investment generates sales revenue $56,000 per year. Cash expenses related to this investment are expected to be around $24,000 per year, and straight-line depreciation expense for the asset is $14,000 per year. What is the average rate of return for this investment. Part 2: Marky is considering a capital investment (equipment) costing $85,000 with a 5-year useful life, and equal annual net cash flows. The equipment has a net present value, $3,353, calculated at 10%. What is the approximate internal rate of return for this investment. Part 3: Dyna recently invested in an asset with a 3-year useful life. The net present value was $6,400 and net annual cash flows are estimated to be $4,800 for years 1 through 3. What is the original investment in the asset(cost), assuming a 9% minimum desired rate of return (round to nearest $1)