Question #1)

Cash Payback Period

A project has estimated annual net cash flows of $28,000. It is estimated to cost $165,200.

Determine the cash payback period. Round your answer to one decimal place. years

Question #2)

Average Rate of Return

Determine the average rate of return for a project that is estimated to yield total income of $773,760 over six years, has a cost of $748,800, and has a $83,200 residual value. Round to the nearest whole number. %