Gantner Compary is considering a capital imvestment of $300.000 in additional prodactive facilities. The new machinery s expected. to hove a usefullife of 5 years with no salvage vatue Deprecistion 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, Gantrier fas a 12% cost of capital rate, which is the minimum acceptable rate of return on the investront. Compute the annual rate of return. Annual rate of return \% Compute the cash payback period on the proposed capital expenditure. (Round answer to 2 decimal ploces, es, 15.25. Cash paybackperiod years Attempts: 0 of 1 used Question Part Score (b) The parts of this question must be completed in order. This part will be available wher you complete the part above