Blossom Corporation is reviewing an investment proposal. The initial cost is $106,000. Estimates of the book value of the investment at the end of each year, the net cash flows for each year, and the net income for each year are presented in the following schedule. Aft cash flows are assumed to take place at the end of the year. The salvage value of the investment at the end of each year is assumed to equal its book value. There would be no salvage value at the end of the imvestment's life. Biossom Corporation uses an 11% target rate of return for new investment proposals. Ciick here to view the factor table. (a) What is the cash paybakk period for this proposal? (Round answer to 2 decimal ploces, es. 10.50) Castipasyback period vears Cashpaybackperiod years (b) What is the annual rate of return for the imvestment? (Round answer to 2 decimal places, ear 10.50K ) Annual rate of retum for the investment (c) What is the net present value of the investment? Of the net present value is nesative, use ether a negathe sign proceling the number es. 45 or parentheses es (45). Round answer to 0 decimal places, es, 125. For calculation purposes, use 5 decimal places os displayed in the foctor table provided) What is the net present value of the irwestment? (of the net present volue is negotive, use eicher a negotive sign preceding the number es. 45 or parentheses es (45). Round answer to 0 decimal places, es. 125. For calculation purposes, use 5 decimal places as disployed in the foctor table provided) Net present value $