Kansas Corporation is reviewing an investment proposal that has an initial cost of $75,000. An estimate of the investment's end-of- year book value, the yearly after-tax net cash inflows, and the yearly net income are presented in the schedule below. Yearly after-tax net cash inflows include savings from the depreciation tax shield. The investment's salvage value at the end of each year is equal to book value, and there will be no salvage value at the end of the investment's life. Yearly After-Tax Net Yearly Net Initial Cost and Year 1 Book Value $42,500 2 28,500 3 18,000 4 11,000 cash Inflows $ 27,500 25,000 22,500 Income. $10,000 11,000. 12,000 20,000 13,000 17,500 $112,500 14,000 $60,000 TV of $1 at TV of an ordinary Year 1 12 Kansas uses a 12% after-tax target rate of return for new investment proposals. annuity at 12 PV of an ordinary annuity at 12 PV of $1 at 12 1.120 1.000 0.8931 0.893 2 1.254 2.120 0.797 1.690 3 1.405 3.374 0.712 2.402 4 1.5741 4.779 0.636 3.037 5 1.762 6.353 0.567 3.605 1.974 8.115 0.507 4.111 Required: A. Calculate the project's payback period. (Do not round intermediate calculations.) B. Calculate the accounting rate of return on the initial investment. (Do not round intermediate calculations. Round your answer to 1 decimal place.) C. Calculate the proposal's net present value. (Do not round intermediate calculations. Round your final answer to nearest dollar amount.)