Oriole Comparty is considering a capital irvestment of $180,900 in additional productive facilities. The new machinery is expected to have a useful life of five years with no salvage value. Depreciation is by the straight-line method. During the life of the investment, annual net income and net annual cash flows are expected to be $19,899 and $67,000, respectively. Oriole has a 12% cost of capital rate, which is also the minimum acceptable rate of return on the imvestment. (a) Calculate (1) the cash payback period and (2) the annual rate of return on the proposed capital expenditure (Round cash partiock periad to 1 decimal ploce, es. 15.1 and onneial rate of return to 2 decimal places, es. 15.12\%) eTextbook and Media Attempts: 0 of 3 used (b) The parts of this question must be completed in order. This part will be wailable when you complete the part above