(c1) Your answer is correct. Bramble was presented with a second capital investment that provided similar production facilities as the first one. This Investment cost $405,000, has a useful life of 7 years with a salvage value of $16,000. Depreciation is by the straight-line method. During the life of the investment, annual net income and net annual cash flows are expected to be $23,155 and $81,000 respectively. Bramble's 8% cost of capital is also the required rate of return on the investment. Compute the cash payback period. (Round answer to decimal places, es. 25.) 5 years Cash payback period e Textbook and Media Attempts: 1 of 3 use X Your answer is incorrect. Using the discounted cash flow technique, compute the net present value. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 2 decimal places eg. 589.71.) Net present value $ 16,686.00