Item 28-30: Mr. Covid Layas is considering to purchase a machine worth P80,000. The estimated useful life is 5 years with no salvage value. It is expected to generate a net income before taxes of P40,000 a year with income tax rate of 30%. Your answer 28. What is the annual cash return? Your answer 29. What is the payback period? Your answer 30. What is the accounting rate of return for the first year? Your