Concord Company is considering a capital investment of $378,400 in additional productive facilities. The new machinery is expected to have a 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 $18,920 and $86,000. respectively. Concord has an 9% cost of capital rate. which is the required rate of return on the investment. (a1) Compute the cash payback period. (Round answer to 2 decimal places, eg. 2.25.) Cash payback period years Compute the annual rate of return on the proposed capital expenditure (Round answer to 2 decimal places, es. 2.25\%) Annual rate of return % * Your answer is incorrect. Using the discounted cash flow technique, compute the net present value. (Round present value factor calculations to 5 decimal places, es. 1.25124 and the final answer to 2 decimal places eg. 589.71) Net present value