Course Question 22 10 Binder Corp. has invested in new machinery at a cost of $1,450,000. This investment is expected to produce cash flows of $640,000,$720,000,$900,000, and $950,000 over the next four years. What is the payback period for this project? 2.11 years 2.12 years 2.10 years 2.13 years LaGrange Corp. has forecasted that over the next four years the average annual after-tax income will be $45,000. The average book value of the manufacturing equipment that is used is $180,000. What is the accounting rate of return? 27.40% 25.00% 27,00% 15.40%