Average rate of retum, cash paryback period, net present value method tor a service comparty The 5 t. Louis to Seatte Railroad is consldering acquiring equipment at a cost of $232,000. The equipment has an estimsted afe of 10 years and no tesidual value, It is expected to provide yearty net cash flows of $29,000. The company's minimum desired rate of return for not present value analysis is 15%. Compute the following: a. The average rate of return, giving effect to straight-line depreciation on the imvestment. If required, round your answer to one decimal place. % b. The cash parbock period. c. The net present value. Use the above table of the present value of an annuity of $1. Round to the nearest dollar. If required, use a minus sign to indicate negativ net present value for current groding purpose. Present value of annual net cash flows x