Bramble Company is considering a capltal investment of $330,240 in additional productive facilities. The new machinary is expected to have a useful life of 5 years with no salvage value. Depreciation is computed by the straight-line method. During the life of the investment, anmal net income and cash flows are expected to be $30,000 and $96,000, respectively. Bramble has a 12% cost of capital rate, which is the minimum acceptable rate of return on the investment. Click here to view PV tables. (a) Compute the annual rate of return. (Round answer to 1 decimal ploce, e.y. 15.5.) Annual rate of return Compute the cash paytack period on the propowed capitat expenditure. (Round answer to 2 decimal places, es. 15.25.) Cash payback period years