Michael Kimathi has purchased a tractor for $$86,250.$ He expects to receive a net cash flow of $$32,000$ per year from the investment. What is the payback period for

Michael? Round your answer to two decimal places.

$$ years

Bertha Lafferty invested $$372,500$ in a laundromat. The facility has a $10-$year life expectancy with no expected salvage value. The laundromat will produce a net cash

flow of $$114,000$ per year. What is the accounting rate of return? Enter your answer as a whole percentage value $($for example, $16\%$ should be entered as $"16"$

in the answer box$).$

$x\%$

Melannie Bayless has purchased a business building for $$323,000.$ She expects to receive the following cash flows over a $10-$year period:

Year $1$: $$47,000$

Year $2$: $$55,000$

Year $3-10$: $$89,800$

What is the payback period for Melannie? Round your answer to one decimal place.

years

What is the accounting rate of return? Enter your answer as a whole percentage value $($for example, $16\%$ should be entered as $"16"$ in the answer box$).$

$\%$