Drake Corporation is reviewing an investment proposal. The initial cost is $ 105.800. Estimates of the book value of the investment at the end of each year. the net cash ows 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 investment at the end of each year is assumed to equal its book value. There would be no salvage value at the end of the investme nt's life. Investment Proposal Book Annual Annual Year Value Cash Flows Net Income 1 $69,100 $44,300 $7,600 2 42,900 39,900 13,?00 3 20.000 36.000 13.100 4 8.000 29300 17300 5 0 24,670 16,670 Drake Corporation uses an 11% target rate of return for new investment proposals. Click here to view the factor table. [8] What is the cash payback period for this proposal? {Round answer to 2 decimal places. es. 10.50.]I (bl What is the annual rate of return for the investment? [Round answer to 2 decimal places. as. 10.5096.) Annual rate of return for the investment |:| 5'6 it] What is the net present value of the investment? {if the net present value is negative. use elthera negative Shh preceding the number ex. 45 or parentheses eg [45), Round am to 0 decimal places, eg. 125. For calmiatlon purposes. use 5 decimal places as displayed in the factor table provided.)