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Capital Buclgeting (10 points) presented below. There is no sat Mercantile Corp uses a 12% target rate of return for new investment proposals. Answer the

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Capital Buclgeting (10 points) presented below. There is no sat Mercantile Corp uses a 12% target rate of return for new investment proposals. Answer the questions in the text box below and show y Vote: the Present Value Tables are provided below this question (scroll down). 1) What is the cash payback period for this proposal? (2 pts) 2) What is the average annual net income for this investment? (1 pt) 3) What is the annual rate of return for this investment? ( 2pts) 4) What is the net present value of this investment? (4 pts). 5) What is your recommendation to the company regarding this investment? (1pt)

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