Kevin invested $1.000 in large U.S.stocks at the beginning of 2012. This investment earned 17.70 percent in 2012, 33.90 percent in 2013, 1170 percent in 2014 and 2.60 percent in 2015. What was the average annual return that Kevin earned over the 2012- 2015 period. (Use geometric average.) (Round answer to 2 decimal places, e.g. 1.52.) Excel Template (Note: This template Includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) Average annual return earned % Adivision of Sunland Manufacturing is considering purchasing for $1,320,000 a machine that automates the process of inserting electronic components onto computer motherboards. The annual cost of operating the machine will be $44,000, but it will save the company $326,000 in labor costs each year. The machine will have a useful life of 10 years, and its salvage value in 10 years is estimated to be $264,000. Straight-line depreciation will be used in calculating taxes for this project, and the marginal corporate tax rate is 32 percent. If the appropriate discount rate is 12 percent, what is the NPV of this project? (Do not round discount factor. Round intermediate calculations and final answer to the nearest whole dollar, e.g. 5,275.) NPV of the project $