Payback Period and Accounting Rate of Return: Equal Annual Operating Cash Flows with Disinvestment Minn is considering an investment proposal with the following cash flows:

Initial investment-depreciable assets	$227,500
Net cash inflows from operations (per year for 10 years)	32,500
Disinvestment-depreciable assets	22,750

For parts b. and c., round answers to three decimal places, if applicable.

a. Determine the payback period. Answer:

years

b. Determine the accounting rate of return on initial investment. Answer:

c. Determine the accounting rate of return on average investment. Answer: