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	$55,000
Net cash inflows from operations (per year for 10 years)	11,000
Disinvestment	0

a. Determine the payback period.

Round your answer to one decimal place; for example, enter 1.4 for 1.44 or 1.5 for 1.45.

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years

For parts b. and c., round your answers to three decimal places if applicable. For example, enter 0.084 for 0.0844 or 0.085 for 0.0845.

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

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

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