Averoge Aate of Aetirn, Cash Poyback Penod, Nec Present Value Hethed Cross Country Railroud ine, is consigering acquiring cquipment at a cost of 5130,000 . The equipment has an ertimated life of 10 years and oo revidual vaiue. it is oxpected to provide vearfy net cash flow of s65,000. The comparys minimum detined rate of return for not present velue anslysis is 104 . Present Value of an Annuitu at Comipute the fohseing a. The overege rate of refum, awtuming the arnual eanings are equai to the net cash nows less the ahnual degreciation mapense on the equigment: If required, round your answer to one decimal alace. B. The cash payback period. The intemai rate of return method is used by Queen flow. Constroction Co. in analyzing a coplal expenditure proposal that involves an investrent of $93,150 and achual net cash flows of s15, 00e for each of the eight years of its useful life. Present Value of an Annulty of $1 at Compound Interest a. Detemine a present value foctoe for ar annuity of H1 which can be ched in detemining the intemal nate of retuen. If required, round your answer to three decimal place. b. usine the factor determined in part (a) and the prestat value of an abmint of $1 table above, determine the internal rate of retum for the proposal