Cullumber Company is considering a capital investment of $183,300 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 $10,998 and $47.000, respectively. Cullumber 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 place, e3. 10.5.) Cash payback period years Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, es 10,52%) Annual rate of return