part C find the Annual Rate of Return

Nowak Growth Farms, a farming cooperative, is considering purchasing a tractor for $565,270. The machine has a 10-year life and an - estimated salvage value of $47,000. Delivery costs and set -up charges will be $13,200 and $420, respectively. Novak Growth uses straight-line depreciation and has a required rate of return of 9%. Novak Growth estimates that the tractor will be used five times a week with the average charge to the individual farmers of $420. Fuel is $55 for each use of the tractor: The present value of an anmuity of 1 for 10 years at 9% is 6.41766 . Click here to view PV tables. For the new tractor, compute the: (a) Cash payback period. (Round answer to 1 decimal places, es. 15.2) Cash prybackperiod years Net present value. (Round factor values to 5 decimal places, es. 15.11212. Round Intermediate calculations and final answer to 0 decimal places, es. 5.275.) Net present value \$