Investment Proposal Book Value Annual Cash Flows Annual Net Income Year 1 $70,500 $44,900 $9,700 2 42,400 39,200 11,100 3 20,600 36,000 14,200 4. 6.800 29,100 15,300 5 0 25,205 18,405 Blossom Corporation uses an 11% target rate of return for new investment proposals. Click here to view PV table. (a) What is the cash payback period for this proposal? (Round answer to 2 decimal places, e.g. 10.50.) Cash payback period years (b) What is the annual rate of return for the investment? (Round answer to 2 decimal places, e.g. 10.50%.) Annual rate of return for the investment % (c) What is the net present value of the investment? (If the net present value is negative, use either a negative sign preceding the number e.g. -45 or parentheses eg (45). Round answer to 0 decimal places, e.g. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value $