Compute the net present value using a discount rate of 7K af the net present walue is negothe, use either a negotive sign preceding the number es -45 or parentheses es (45). Round answer to 0 decimal ploces, ey 125. For colculation purposes, use 5 decimal places as displosed in the foctor toble provided) Net present value Should the proposal be accepted using this discount rate? the proposal Current Designs rotomold expertise and equipment to produce some of the pedal boat components. George is intrigued by the idea and thinks it would be an interesting way of complementing the present product line One of George's hesitations about the proposal is that the pedal boats are a different shape than the kayaks that Current Designs produces, As a result, the company would need to buy an additional rotomold oven in order to produce the pedal boat components. This project clearly involves risks, and George wants to make sure that the returns justify the risks. In this case, since this is a new venture, George thinks that a 12% discount rate is appropriate to use to evaluate the project. As an intern at Current Designs, George has asked you to prepare an initial evaluation of this proposal. To aid in your analysis, he has provided the following information and assumptions. 1. The new rotomold oven will haye a cost of $266,000, a salvage value of $0, and an 8 -year useful life Straight-line depreciation will be used. 2. The projected revenues, costs, and results for each of the 8 years of this project are as follows. Compute the net present value using a discount rate of 12% of the net present volue is ncjotive, use either a negotive slin prectilins the number es -45 or parm theses is (45), Round amwer to 0 decimal ploces es 125 . For celcilation purposes use 5 decinal placer as diabloved in the factor table provided) Net present value Should the progosal be accepted using this discount rate? the proposat Compute the annual rate of return. (Round onswer to 2 dedimol ploces, e. . 15.25\%.) Annual rate of return eTextbook and Media Attempts: 0 of 3 used Using multiple attempts will impact your score. 10% score reduction after attempt 2 (b) Compute the payback period. (Round answer to 2 decimal places, eg. 15.25.) Payback period years