Cullumber Corporation is reviewing an investment proposal.

Cullumber Cor;ujration is reviewing an investment pro;uysel_ The i nitiel cost is SIC46CO_ Estimates of the Onk value of the investment et the erns of each year. net cash for eech year. the net incorrvz for each year are presented n the follcwving scwzdule_ AJI cash F.cwvs ere assumed to ta ke place at the end of the yeer_ The salvage value ofthe investment at the erd of each year is assumed to equel its Ocu3k value. There would be no selvage value at the ofthe investmers life Investment I Year 800k Value S7c.900 Annual Cash Flows 546000 30100 Net Income 512300 16520 CullumE.er Cor;uoration uses en target rete of return for new irotestrrnt proposals. Click here to view the factor table (a) What is cash payback period for this proposal' (Roemd answer to 2 deirml e.g. 10500 Cash paybeck pericu What is annual rate of return for the ironstrrnt' (Rocmd answer to 2 decirml places, e.g. 1050K) Annual rate of return for the ironstrrnt