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please help me solve the following peoblem Blossom Corporation is reviewing an investment proposal. The initial cost is $106,000. Estimates of the book value of

please help me solve the following peoblem
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Blossom Corporation is reviewing an investment proposal. The initial cost is $106,000. Estimates of the book value of the investment at the end of each year, the net eash flows for each year, and the net income for eachyear are presented in the following schedule. 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 assumed to equal its book value. There would be no salvage value at the end of the investment's life. Blossom Corporation uses an 11% target rate of return for new investment proposals. Click here to view the factor table. (a) What is the cash payback period for this proposal? (Round answer to 2 decimal places, eg. 10.50.) Cash paybackperiod years (b) What is the annual rate of return for the investment? (Round answer to 2 decimai places, e.g. 10.50\%.) Annual rate of return for the investment. \% (c) What is the net present value of the investment? (If the net present volue is negotive, use either a negotive sign preceding the number e.s. -45 or porentheses es (45). Round answer to 0 decimal places, es. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.] Net present value s

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