Cullumber Company is considering a capital investment of $216,200 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 $10,810 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 the factor table. (a) Compute the cash payback period. (Round answer to 1 decimal place, e.g. 10.5.) Cash payback period years Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, eg. 10.52%) Annual rate of return % (b) Using the discounted cash flow technique, compute the net present value. (If the net present volue is negative, use either a negative sign preceding the number 945 or narentheses e o (45) Round answer for present value to decimal nlaces in 175 nematuritasin A Qu Acc