please answer b

Sheffield Company is considering a capital investment of $460,180 in additional productive facilities. The new machinery is expected to have a useful life of 5 years with no salvage value. Depreciation is computed by the straight-line method. During the life of the investment, annual net income and cash flows are expected to be $43,000 and $133,000, respectively. Sheffield has a 12% cost of capital rate, which is the minimum acceptable rate of return on the investment. (a) Compute the annual rate of return. (Round answer to 1 decimal place, e.8. 15.5.) Annual rate of return Compute the cash payback period on the proposed capital expenditure, (Round answer to 2 decimal ploces, es. 15.25.) Cash payback period years eTextbook and Media Attempts: 1 of 3 used (b) Using the discounted cash flow technique, compute the net present value. (Use the above table.) (Round foctor values to 5 decimal places, eg. 1.25124 and final onswer to 0 decimal places, es, 5,275.) Net present value