i need cash payback period and the annual rate of return
i submitted. i just need anual rate of return
Compute (1) the cash payback period and (2) the annual rate of return. (Round onswers to 2 decimal ploces, es 10.50 ) Cashpayback period Annual rate of return years x eTextbook and Media Attempts: 0 of 2 used (c) The parts of this question must be completed in order. This part will be avsilabie when you complete the part above. Click here to view PV table. (a) Your answer is partially correct. Determine the annual (1) net incorne and (2) net annual cash flows for the commuter service. (Round answers fo 0 decimal ploces. eg. 125.) Net income Net annual cash flows eTextbook and Media Current Attempt in Progress Crane Company is considering three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows. Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 15%. (Assume that cash flows occur evenly throughout the year.) Click here to view PV table. Compute (1) the cash parback period and (2) the annual rate of retum. (Round answers to 2 decimal ploces, ea. 10.50) Cash poyback period years Annual rate of return eTextbook and Media Attempts: 0 of 2 used (c) The parts of this question must be completed in order. This part will be available when you complete the part above. Current Attempt in Progress Steven Garcia is an accounting major at a midwestern state university located approximately 60 miles from a major city. Many af the students attending the university are from the metropolitan area and wait their homes regularly on the weekends, Steven, an entrepreneur at heart, realizes that few good commuting alternatwes are svailable for students doing weekend trawel. He believes that a weekend commutine service could be organized and run profitably froen several suturban and downeown shopping mall locations, Steven has gatheced the following imestment information. 1. Five used vans would cost a total of $73,455 to purchase and would have a 3 vear usefut life with negfiphle salvage value: Steven plans to use straight-line depreciation. 2. Tendrivers would have to be employed at a total puyroll expense of $49,000. 3. Other annual out - of-pocket expenses associated with running the commuter service would include Gasoline $15,900. Maintenance $3.600, Repairs $3.800, Insurance $3,900, and Advertising $2.300. 4. Steven has visited several financial institutions to discuis funding The best interest rate he has been able to negotiate is 15%, Use the rate for cost of copital. 5. Steven expects each van to make 10 round trips weekly and carry an average of 6 students each trip. The service is expected to operate 30 weeks each year, and each student will be churged $12 for a round-trip ticket