please answer annual rate of return correctly and in return I will provide a thumbs up

Carper Company is considering a capital investment of $361.200 in additional productive facilities. The new machinery is expected to have useful life of 6 years with no salvage value. Depreciation is by the straight-line method. During the life of the investment, annual net income and net annual cash flows are expected to be $18,060 and $84,000, respectively. Carper has an 7% cost of capital rate, which is the required rate of return on the investment (a1) Your Answer Correct Answer Your answer is correct Compute the cash payback period. (Round answer to 2 decimal places, es 2.25) Cash payback period 430 years e Textbook and Media Solution Attempts: 1 of 1 used fa 21 Attempts: 1 of 1 used (22) Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, eg. 2.25%) Annual rate of return % eTextbook and Media Save for later Attempts: 0 of 1 used Submit Answer (b)