Average Rate of Retum, Cash Payback. Period, Net Present Value Method Cross Country Railtoad Inc. is considering acquiring equipment at a cost of $208,000, The equipment has an estimated life of 10 years and no residual value. It is expected to provide yearly net cash flows of $52,000. The company's minimum desired rate of return for net present value analysis is 15%. The average rate of return, assuming the annual earnings are equal to the net cash flows less the annual depreciation expense on the equipment. If required, ound your answer to one decimal place. The cash payback period. years c. The net present value. Use the above table of the present value of an annuity of $1. Round to the nearest dollar