Payback and ARR Each of the following scenarios is independent. All cash flows are after-tax cash flows. Required: 1. Brad Blaylock has purchased a tractor for $97,500. He expects to receive a net cash flow of $31,500 per year from the investment. What is the payback period for Jim? Round your answer to two decimal places years 2. Bertha Lafferty invested $380,000 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 $110,000 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) 3. Melannie Bayless has purchased a business building for $321,000. She expects to receive the following cash flows over a 10-year period: Year 1: $47,000 Year 2: $58,500 Year 3-10: $81,600 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)