Chrome- Do Homework- Brianna Quintero https://www.mathxl.com/Student/PlayerHomework.aspx?homeworkld:507237823&questionid-6&flushed-false&cld: 5257714¢erwin-yes ACC241 Uses of Acctg Info lI - Fall 18 B iCourse ASU Online - Brianna Quintero & 11/27/18 5:56 PM Homework: Chapter 12 Homework (required) Score: 0 of 1 pt P12-57A (similar to) Save 10 of 10 (9 complete) HW Score: 72.93%, 7.29 of 10 pts Question Help River Wild is considering purchasing a water park in Fort Worth, Texas, for $2,050,000. The new facility will generate annual net cash inflows of $530,000 for eight years. Engineers estimate that the facility will remain useful for eight years and have no residual value. The company uses straight-line depreciation. Its owners want payback n less than five years and an ARR of 10 or more Management uses a 12% hurdle rate on investments of this nature (Click the icon to view the present value annuity table) (Click the icon to view the present value table) (Click the icon to view the future value annuity table.) (Click the icon to view the future value table.) Read the requirements Requirement 1. Compute the payback period, the ARR, the NPV, and the approximate IRR of this investment. (If you use the tables to compute the IRR, answer with the closest interest rate shown in the tables.) (Round the payback period to one decimal place.) The payback period is years Enter any number in the edit fields and then click Check Answer Clear All Check Answer 56 remaining