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Problem 13-29A Magna Inc. is considering modernizing its production facility by investing in new equipment and selling the old equipment. The following information has been collected on this investment. Cost $80,400 Accumulated depreciation $41,700 Remaining life 8 years Current salvage value $10,600 Salvage value in 8 years so Annual cash operating costs $36,000 Cost $38,480 Estimated useful life 8 years Salvage value in 8 years $5,000 Annual cash operating costs $29,700 Depreciation is $10,050 per year for the old equipment. The straight-line depreciation method would be used for the new equipment over an eight-year period with salvage value $5,000. Determine the cash payback period (Ignore income taxes). (Round answer to 3 decimal places, e.g. 15.275.) Cash payback period years i LINK To TEXT LINK To TEXT i LINK To TEXT i Calculate the annual rate of return. (Round answer to 2 decimal places, e.g. 15.25%.) m............. :i% ' LINK TO TEXT LINK TO TEXT l LINK TO TEXT i Calculate the net present value assuming a 18% rate of return (Ignore income taxes). (If the netp resent value is negative, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). $41 , years Remaining life 8 years Salvage value in 8 years $5,000 Current salvage value $10,600 Annual cash operating costs $29,700 Salvage value in 8 years $0 Annual cash operating costs $36,000 Depreciation is $10,050 per year for the old equipment. The straight-line depreciation method would be used for the new equipment over an eight-year period with salvage value $5,000. Determine the cash payback period (Ignore income taxes). (Round answer to 3 decimal places, e.g. 15.275.) Cash payback period years LINK TO TEXT LINK TO TEXT LINK TO TEXT Calculate the annual rate of return. (Round answer to 2 decimal places, e.g. 15.25%.) Annual rate of return % LINK TO TEXT LINK TO TEXT LINK TO TEXT Calculate the net present value assuming a 18% rate of return (Ignore income taxes). ( If the net present value is negative, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124 and final answer to 0 decimal places, e.g. 5,275.) Click here to view PV table. Net present value $