Each of the following scenarios is independent. All cash flows are after-tax cash fiows. Required: 1. Michael Kimathi has purchased a tractor for $85,000. He expects to receive a net cash flow of $29,500 per year from the investment. What is the payback period for Michael? Round your answer to two decimal places. years 2. Bertha Lafferty invested $357,500 in a loundromat. The focility has a 10-year life expectancy with no expected salvage value. The laundromat will produce a net cash flow of $105,000 per year. What is the accounting rate of return? Enter your answer as a whole percentage value (for example, 16% should be entered as " 16" In the answer box). X% 3. Melannie Bayless has purchosed a business building for $325,000. She expects to recelve the following cash flows over a 10 -year period: Year 1:$43,000 Year 2: $57,500 Year 3-10:585,200 What is the poyback period for Melannie? Round your answer to one decimat place. years What is the accounting rate of return? Enter your answer as a whole percentage value (for example, 16% should be entered as "16" In the answer bx)