provide yearly net cash flows of $$58,000.$ The company's minimum desired rate of return for net present value analysis is $10\%.$

Compute the following:

a$.$ The average rate of return, giving effect to straight$-$line depreciation on the investment. If required, round your answer to one decimal place.

$\%$

b$.$ The cash payback period.

$$ years

value for current grading purpose.

Present value of annual net cash flows

Amount to be invested

Net present value