Exercise 12-10 (Video) Vilas Company is considering a capital investment of $216,000 in additional productive facilities. The new machinery is expected to have a useful life of 5 years with no salvage value. Depreciation is by the straight-line method. During the life of the investment, annual net income and net annual cash flows are expected to be $13,716 and $54,000, respectively. Vilas has a 12% cost of capital rate, which is the required rate of return on the investment. Click here to view Py table Compute the cash payback period. (Round answer to 1 decimal place, e.g. 10.5.) Cash payback period Years Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, e.g. 10.52%) Annual rate of return Using the discounted cash flow technique, compute the net present value. (If the net present value is negative, use either a negative sign preceding the number e.g.-45 or parentheses 0.g. (45). Round answer for present value to o decimal places, e.g. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value Click If you would like to show Work for this question: Open Show Work