Question 8 3 pts A company is considering purchasing factory equipment that costs $480,000 and is estimated to have no salvage value at the end of its 8-year useful life. If the equipment is purchased, annual revenues are expected to be $135,000 and annual operating expenses exclusive of depreciation expense are expected to be $39,000. The straight-line method of depreciation would be used If the equipment is purchased, the average rate of return expected on this equipment is 40.0% 7.5% ? 60% ? 15% ? 20% Question 9 3 pts Brady Corp. is considering the purchase of a piece of equipment that costs $20,000. Projected net annual cash flows over the project's life are Year Net Annual Cash Flow $3,000 8,000 15,000 9,000 3 4 The cash payback period is 2.29 years O 2.60 years O 2.40 years O 2.31 years