Calculate the Return on Investment for a company that has net income from a product of $55.000, net cash flows of $35,000 and the average invested assets on that product was $645,000. a 8.5% ob 5.4% oc 9.3% od 3.1% The future value of $1,000 invested in an investment yielding 8% in 12 years will be $2.518. True False Jack wants to know how much he will need to invest today to have $50,000 in his account after 8 years. To compute this, he should use the present value of an annuity table True False An annuity is a series of unequal earnings. True False A lump sum is one amount or a series of unequal amounts. True False Both the accounting rate of return and the payback period ignore the time value of money. True False An example of a profit center would be a department where the manager is responsible for the cost, revenue and significant capital expenditures. True False As a general rule, a lower payback period is better than a higher one. O O True False My accounting professor's name this semester was Dr. Smellfungus True False