BP Limited is considering an investment in a fixed asset which costs $295,000. The asset is expected to generate cash inflows of $118,000 each year for the next four years. The company intends to sell the asset at the end of year 4 for an estimated residual value of $22,000. The asset will be depreciated straight-line over the next four years. The discount rate for the project is 13%.

Calculate the accounting rate of return, and show your answer to the nearest 0.1%.

Calculate the net present value, and show you answer in thousands of dollars (for example, $123,456.67 should be shown as 123).

Calculate the payback period in years.