Carper Company is considering a capital investment of $378,400 in additional productive facilities. The new machinery is expected to have useful life of 6 years with no salvage value. 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 $17,028 and $86,000, respectively. Carper has an 7% cost of capital rate. which is the required rate of return on the investment. (a1) Your answer has been saved. See score details after the due date. Compute the cash payback period. (Round answer to 2 decimal places, e.g. 2.25.) Cash payback period (a2) 4.4 years Your answer has been saved. See score details after the due date. Attempts: 1 of 1 used Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, e.g. 2.25%.) Annual rate of return 4.5 % Attempts: 1 of 1 used (b) 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 e.g. 589.71.) Net present value $