Problem 3 - Capital Investment (18 points) Wilinms Company is evaluating a project requiring a capital expenditure of $490,000. The project has an estimated life of 4 years and no salvage value. The estimated net income and net cash flow from the project are as follows: Year Net Income Net Cash Flow $90,000 $ 200.000 80.000 210.000 40,000 150,000 30,000 160,000 $240.000 $720,000 1 2 3 4 The company's minimum desired rate of return for not present value analysis is 15%. The present value factors of S1 at compound interest of 15% are: Year 1 PV Factor 870 756 65 572 + Determine the average rate of return on investment, and b) the net present value of the investiment C) cash payback period