Date: When the calculations for the payback period, accounting rate of return, and net present value are correct, the cells will change to yellow. Santana Rey is considering the following investment: Required invesment in the project: Project life: Salvage value: $2,205,000 7 $225,000 The project would provide net operating income each year as follows: Sales Variable expenses Contribution margin Fixed expenses: Salaries, rent and other fixed out-of-pocket costs Depreciation Total fixed expenses $2,750,000 1,600,000 $1,150,000 $520,000 350,000 870,000 $280,000 Discount rate: 12% Annual net cash inflow from the project: $630,000 Required: 1. Compute the payback period. (Round your final answer to 1 decimal place.) 2. Compute the accounting rate of return. (Round your final answer to 2 decimal places.) 3. Compute the net present value. (Do not round your intermdediate calcluations; Round your final answer to the nearest whole dollar.) Required: 1. Compute the payback period. (Round your final answer to 1 decimal place.) 2. Compute the accounting rate of return. (Round your final answer to 2 decimal places.) 3. Compute the net present value. (Do not round your intermdediate calcluations; Round your final answer to the nearest whole dollar.) 1. years 2. 3