Culver Corporation is reviewing an investment proposal. The initial cost and estimates of the book value of the investment at the end of each year, the net cash flows for each year, and the net Income for each year are presented in the schedule below. All cash rows are assumed to take place at the end of the year. The salvage value of the investment at the end of each year is equal to book value. There would be no savage value at the end of the investment's life. Investment Proposal Annual Initial Cost Cash Annual Year and Book Value Flowe Net Income $105,600 70,300 $45,500 $10,200 43,000 40,300 13,000 22,000 35.900 14,900 8,700 29,200 15,900 25,300 16,600 Culver Corporation uses an 11% required rate of return for new investment proposals. Click here to view table What is the cash payback period for this proposal? (Round answer to 2 decimal places, eg. 10.50.) Cash payback period years What is the annual rate of return for the investment? (Round answer to 2 decimal places, e.. 10.50.) Annual rate of return for the investment What is the net present value of the investment? (If the met present value is negative, use either a negative sin preceding the number eg.-45 or parentheses e.. (45). Round answer to decimal places.g. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value