Blue Spruce Growth Farms, a farming cooperative, is considering purchasing a tractor for $551,500. The machine has a 10 -year life and an estimated salvage value of $38,000. Delivery costs and set-up charges will be $12,300 and $400, respectively. Blue Spruce Growth uses straight-line depreciation and has a required rate of return of 9%. Blue Spruce Growth estimates that the tractor will be used five times a week with the average charge to the individual farmers of $400. Fuel is $50 for each use of the tractor. The present value of an annuity of 1 for 10 years at 9% is 6.41766 . Click here to view PV tables. For the new tractor, compute the: (a) Cash payback period. (Round answer to 1 decimal places, e.g. 15.2.) Cash payback period years Net present value. (Round factor values to 5 decimal places, e.g. 15.11212. Round Intermediate calculations and final onswer to 0 decimal places, e.g. 5,275.) Net present value TABLE 1 Future Value of 1 TABLE 2 Future Value of an Annuity of 1 TABLE 3 Present Value of 1 TABLE 4 Present Value of an Annuity of 1