Jell Company is considering the acquisition of a machine that costs $489,097.00. The machine is expected to have a useful life of 6 years, a negligible residual value, an annual cash flow of $98,006.00, and annual operating income of $83,305.10. Determine the estimated cash payback period for the machine (round to one decimal points).

Select the correct answer.

5.9 years

5.0 years

7.0 years

1.2 years

Determine the amount of the estimated average income for a proposed investment of $76,214.00 in a fixed asset, with a useful life of four years, straight-line depreciation, no residual value, and an expected total net income of $35,130.00 for the 4 years (round to two decimal points).

Select the correct answer.

$35,130.00

$19,053.50

$8,782.50

$2,977.00

Below is a table for the present value of $1 at Compound interest.

Year	6%	10%	12%
1	0.943	0.909	0.893
2	0.890	0.826	0.797
3	0.840	0.751	0.712
4	0.792	0.683	0.636
5	0.747	0.621	0.567

Below is a table for the present value of an annuity of $1 at compound interest.

Year	6%	10%	12%
1	0.943	0.909	0.893
2	1.833	1.736	1.690
3	2.673	2.487	2.402
4	3.465	3.170	3.037
5	4.212	3.791	3.605

Using the tables above, determine the present value of $13,533.00 (rounded to the nearest dollar) to be received one year from today, assuming an earnings rate of 6%.

Select the correct answer.

$13,533

$12,762

$12,721

$14,345