Crane Company is considering a capital investment of $202,400 in additional productive facilities, The new machinery is expected have a useful life of 5 years with no salvage value. Depreciation is by the straight-line method. During the life of the investment, ann net income and net annual cash flows are expected to be $11,638 and $46,000, respectively. Crane has a 12% cost of capital rate. which is the required rate of return on the investment. Click here to view PV table. (a) Compute the cash payback period. (Round answer to 1 decimal ploce, eg. 10.5.) Cash payback period year Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, e.8. 10.52\%.) Annual rate of return (b) Using the discounted cash flow technique, compute the net present value. (If the net present value is negative, use either a negative sign preceding the number eg. 45 or parentheses eg. (45). Round answer for present value to 0 decimal ploces, eg. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value