Each of the following scenarios is independent. All cash flows are after-tax cash flows: Required: 1. Michael Kimathi has purchased a tractor for $90,000. He expects to receive o net cash flow of $33,000 per year from the investment. What is the payback period for Michael? Round your answer to two decimal places. years 2. Bertha Lafferty invested $372,500 in a laundromat. The facility has a 10 -year life expectancy with no expected salvage value. The laundromat wilf produce a net cash flow of $118,000 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). \%. 3. Melannie Bayless has purchased a business building for $333,000. She expects to receive the following cash flows over a 10year period: Year 1:$43,500 Year 2: $58,500 Vear 3-10:\$85,400 What is the payback period for Melannie? Round your answer to one decimal 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 box)