Payback Period and Accounting Kate of Return: Equal Annual Operating Cash Flows with Disinvestment Hoi is considering an investment proposal with the following cash flows: Initial investment - depreciable assets . $150,000 Net cash inflows from operations (per year for 5 years) . 30,000 Disinvestment - depreciable assets . 20,000 Required Determine the payback depreciable Determine the accounting rate of return on initial investment Determine the accounting rate of return on average investment