Problems: Set A CHAPTER E23-9 Mimulus Inc. is considering a capital investment of $300,000 in additional productive facilities. The new Calculate annual machinery is expected to have a useful life of five years with no residual value. Depreciation is by the straight-line return, cash payt method. During the life of the investment, annual profit and cash inflows are expected to be $30,000 and $90,000, and net present respectively. Mimulus has a 15% cost of capital rate, which is the minimum acceptable rate of return on the (LO 3, 4) AP investment Instructions (Round to two decimals.) (a) Calculate: (1) the annual rate of return, and (2) the cash payback period on the proposed capital expenditure. (b) Using the discounted cash flow technique, calculate the net present value