Company is evaluating a project requiring a capital expenditure of $720,000. The project has an estimated life of 8 years and no salvage value. The estimated net income and net cash flow from the project are as follows: Year ??? ??? ? ? Net Income $36,000 36,000 36,000 36,000 36,000 36,000 36,000 36,000 Net Cash Flow $126,000 126,000 126,000 126,000 126,000 126,000 126,000 126,000 ? ? ? ? ? The company's minimum desired rate of return is 12%. Required: a. Calculate average (accounting) rate of return. b. Calculate payback period. c. Calculate net present value