Payback Period and Accounting Rate of Return: Equal Annual Operating Cash Flows without Disinvestment Juliana is considering an investment proposal with the following cash flows: Initial investment-depreciable assets Net cash inflows from operations (per year for 10 years) 5,000 Disinvestment $40,000 0 For parts b. and c., round answers to three decimal places, if applicable a. Determine the payback period. 8 years Determine the accounting rate of return on initial investment 3 c. Determine the accounting rate of return on average investment Check