DD Company is considering a long$-$term capital investment project in printer equipment. This will require an investment of $$480,000,$ and it will have a useful life of $5$ years. Annual net income is expected to be $$25,000$ a year. Depreciation is computed by the straight$-$line method with no salvage value. The company$$s cost of capital is $12\%.($Hint: Assume cash flows can be computed by adding back depreciation expense.$)$

a$.$Compute the cash payback period for the project. $($Round to two decimals.$)$

b$.$Compute the net present value for the project. $($Discount factor $-5$ Period@ $12\%=3\mathrm{.}60478)$

c$.$Compute the annual rate of return for the project.

Should the project be accepted? Why? please calculate with excle