Please Calculate cash payback period, annual rate of return on investment, and net present value.

Exercise 24-11 (part level submission) BAP Corporation is reviewing an investment proposal. The initial cost and estimates of the book value of the investment at the end of each year, the net cash flows for each year, and the net income for each year are presented in the schedule below. All cash flows are assumed to take place at the end of the year. The salvage value of the investment at the end of each year is equal to its book value. There would be no salvage value at the end of the investment's life Investment Proposal Initial Cost Annual Cash Flows Annual Net Income and Book Value rear $105,640 70,680 42,160 21,150 6,130 $44,500 39,700 34,700 29,900 25,200 $9,540 11,180 13,690 14,880 19,070 2 4 BAP Corporation uses a 12% target rate of return for new investment proposals lick here iew (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) Your answer is incorrect. Try again