Hazard Company is considering the acquisition of a machine that costs dollar 525,000. The machine is expected to have a useful life of 6 years, a negligible residual value, an annual cash flow of dollar 150,000, and annual operating income of dollar 87, 500. What is the estimated cash payback period for the machine? 3 years 4.3 years 3.5 years 5 years Tennessee Corporation is analyzing a capital expenditure that will involve a cash outlay dollar 109, 332. Estimated cash flows are expected to be dollar 36,000 annually for four years. The present value factors for an annuity of dollar 1 for 4 years at interest of 10 percent, 12 percent, 14 percent, and 15 percent are 3.170, 3.037, 2.914, and 2.855, respectively. The internal rate of return for this investment is: 9 percent 10 percent 3 percent Which of the following is not an advantage of the average rate of return method? It is easy to use. It takes into consideration the time value of money. It includes the amount of income earned over the entire life of the proposal. It emphasizes accounting income