Compute the cash payback period

compute the annual rate of return on the proposed capital expenditure

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Vilas Company is considering a capital investment of $191,400 in additional productive facilities. The new machinery is expected to have a useful life of 5 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 $16,990 and $49,050, respectively. Vilas has a 12% cost of capital rate, which is the required rate of return on the investment. (Refer the below table) Compute the cash payback period. (Round answer to 1 decimal place, e.g. 10.5.) Cash payback period year s Compute the annual rate of return on the proposed capital expenditure. (Round answer to 1 decimal place, e.g. 20.5.) Annual rate of return %