please its urgent help

Joe Swanson has an opportunity to acquire a franchise from The Yogurt Place, Inc to dispense frozen yogurt products under the name The Yogurt Place Swanson has assembled the following information relating to the franchise a. A suitable location in a large shopping mall can be rented for $5,080 per month b. Remodelling and necessary equipment would cost $371500 The equipment would have a 15 year life and an $13,000 salvape value Straight-line depreciation would be used, con the basis of similar outlets elsewhere, Swanson estimated that sales would total $342.000 per year Ingredients would cost 20% of sales d. Operating costs would include $68,500 per year for salaries $3,900 per year for insurance, and $33,100 per year for utilities in addition, Swanson would have to pay a commission to The Yogurt Place of 12.5% of sales Required: 1. Prepare a contribution format income statement that shows the expected net operating income each year from the franchise outlet JOE SWANSON Income Statement Deduct Operating expenses 0 Total operating expenses 2-o. Compute the simple rate of return promised by the outlet (Round your answer to 2 decimal places. (le, 01234 should be considered as 12.34%).) Simple rate of totum % 2.b. If Swanson requires a simple rate of return of at least 90%, should he acquire the anchise o Yes NO 3-0. Compute the payback period on the outlet {Round your answer to 1 decimal place) Payback period years 3-b. If Swanson wants a payback of four vears or less will he acquire the franchise considered as 12.34%).) Simpki rate of reson 96 2-b. If Swanson requires a simple rate of return of at least 90% should he acquire the franchise? Yes O No 3-a. Compute the payback period on the outlet. (Round your answer to 1 decimal place.) Payback period years 3-b. If Swanson wants a payback of four years or less, will he acquire the franchise? Yes @NO