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	$75,000
Net cash inflows from operations (per year for 10 years)	15,000
Disinvestment-depreciable assets	8,000

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

a. Determine the payback period. _____ years

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

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