project has an estimated Iife of four years and no salvage value. The estimated net income June Co. is evaluating a project requiring a capital expenditure of $620,000. The and net cash flow from the project are as follows Year 545,000 85,000 5,000 15,000 $200,000 240,000 160,000 170,000 10000 70,000 The company's minimum desired rate of return is 12%. The present value of Si atcompound merest or inb for 2 , 3, and 4 years s on, o.ro, anz, ond ass. Ka. Determine the average rate of retun on investment,giving effect to depreciation on the investment. Round your answers to two decimal places. b. Determine the net present value. Previous Next Check My Work Email Instructor Save and Exit Submit Test for Grading All work saved