Kenneth Gould is the general manager at a small-town newspaper that is part of a national media chain.He is seeking approval from corporate headquarters (HQ) to spend $20,000 to buy some Macintosh computers and a laser printer to use in designing the layout of his daily paper.This equipment will be depreciated using the straight line method over four years.These computers will replace outmoded equipment that will be kept on hand for emergency use.

year 1 7500 year 2 9100 year 3 9100 year 4 9100

a.What is the average contribution to net income across all four years?(Show your work.Label $ for each year and average.No decimal places required.) b.What is the average book value of the investment?(Show your work.Label $.No decimal places required.) c.What is the average accounting rate of return?(Show your work.Label %.No decimal places required.) d.What is the payback period of this investment?(Show your work.Label years.One decimal place required.)