Calculate the annual rate of return. (Round answer to 2 decimal places, es. 15.25\\%.) eTextbook and Media Attempts: 0 of 2 used (c) Calculate the net present value assuming a 12\\% rate of return. (Ignore income taxes.) (If the net present value is negative, use either a negative sign preceding the number e.g. 45 or parentheses e.g. (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124 and final answer to 0 decimal places, e.g. 5,275.) Click here to view the factor table. \\( \\$ \\) Attempts: 0 of 2 used State your conclusion on whether the company should purchase the new equipment. The company purchase the new equipment. Current Attempt in Progress Blossom Inc. is considering modernizing its production facility by investing in new equipment and selling the old equipment. The following information has been collected on this investment: Depreciation is \\( \\$ 10,050 \\) per year for the old equipment. The straight-line depreciation method would be used for the new equipment over an eight-year period with salvage value of \\( \\$ 5,000 \\). (a) Determine the cash payback period. (Ignore income taxes.) (Round answer to 3 decimal places, e.g. 15.275.)