Question 1) The following details are provided by a manufacturing company. Product lind Investment $1,100,000 Useful life 12 years Estimated annual net cash intlows for first year $385,000 Estimated annual net cash inflows for second year $395.000 Estimated annual net cash inflows for next ten years $300,000 Residual value S50,000 Depreciation method Straight-lind Required rate of return 1294 Calculate the payback period for the investment. Note: You may find the formula in the PPT slides. Question 2) Dartis Company is considering investing in a specialized equipment costing $800,000. The equipment has a useful life of 5 years and a residual value of $55,000. Depreciation is calculated using the straight-line method. The expected net cash inflows from the investment are given below. Year 1.200.000 2 150,000 3 260,000 4 95.000 S 95,000 What is the accounting rate of return on the investment