Drake Corporation is reviewing an imvestment proposal. The initial cost is $105,700. Estimates of the book value of the imvestment 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 flows are assumed to take place at the end of the year. The salvage value of the inves tment at the end of each year is assumed to cqual its book value. There would be no salvage value at the end of the investment's life. Drake Corporation uses ak 11% target rate of return for new investment proposals. Click here to view the factor table. (b) What is the arnual rate of return for the inventent? (Gound answer to 2 decimal ploces, es. 10.50s.) Anmuat rate of return for the imestment (c) What is the net present value of the investment? of the net present volve is negative, use el ther a negative sign precedirs the number es. 45 or porentheses eg (45. Round answer to 0 decimal ploces, es. 125. For calculation purposes, use 5 decimal plocer os disployed in the factor tabie provided