Question 10 of 12 - /4 E Paul's House of Music wants to purchase Transposelt, a system that transposes any song in its database and prints sheet music in the requested key. This system allows singers to obtain sheet music in keys that are suitable to their vocal range. The software for the system costs $ 10.800; a new computer and a laser printer costing $3,800 will be needed to run the system. Paul estimates that the system will generate additional annual sales revenue of $24,900 and that annual cash expenditures will be $18,518. Paul uses straight-line depreciation. The software, computer, and printer will have a useful life of 5 years. The system will have a $210 salvage value at the end of its 5-year useful life. Calculate the annual net operating income generated by the system. Annual net operating income eTextbook and Media Me for Later Attempts: 0 of 3 used Submit Answer Calculate the accounting rate of return of the system. 's DELL\fment Question 9 of 12 - /4 E ... 5 52,800 6 37,000 7 37,000 Total $655,600 (a) Calculate the payback period for the proposed equipment purchase. Assume that all cash flows occur evenly throughout the year. Payback period years and months. (b) If Concord requires a payback period of 4 years or less, should the company make this investment? The company make this investment. should not should e Textbook and Media Attempts: 0 of 3 used Submit AnswerQuestion 9 of 12 /4 The Concord Company is planning to purchase $542,000 of equipment with an estimated seven-year life and no estimated salvage value. The company has projected the following annual cash flows for the investment. Year Projected Cash Flows $207,000 157,000 112,000 52.800 52.800 6 37.000 67.000 Tota $655.600 (a) Calculate the payback period for the proposed equipment purchase. Assume that all cash flows occur evenly throughout the year. Payback period years and months. (b) if Concord requires a payback period of 4 years or less, should the company make this investment