Gantner Company is considering a capital investment of $300,000 in additional productive facilities. The new machinery is expected to have a useful life of 5 years with no salvage value. Depreciation is computed by the straight-line method. During the life of the investment, annual net income and cash inflows are expected to be $27,000 and $87,000, respectively. Gantner has a 12% cost of capital rate, which is the minimum acceptable rate of return on the investment. Click here to view PV table. Compute the annual rate of return 96 Annual rate of return Compute the cash payback period on the proposed capital expenditure. (Round answer to 2 decimal places, es 15.25.) years Cash payback period Using the discounted cash flow technique, compute the net present value. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and final answer to decimal places, eg: 5.275.) $ Net present value