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 $98,750. He expects to receive a net cash flow of $29,500 per year from the investment. What is the payback period for Jim? Round your answer to two decimal places 3.35 years 2. Bertha Lafferty invested $382,500 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 $117,000 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. 21 | 96 3. Melannie Bayless has purchased a business building for $334,000. She expects to receive the following cash flows over a 10-year period: Year 1: $42,500 Year 2: $61,000 Year 3-10: $86,400 What is the payback period for Melannie? Round your answer to one decimal place 4.5 X 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) Feedbadk 1. The payback period is the time required for a firm to recover its original investment