Question 9 of 10 0.33/1 III View Policies Show Attempt History Current Attempt in Progress Pronghorn Growth Farms, a farming cooperative, is considering purchasing a tractor for $563,370. The machine has a 10-year life and an estimated salvage value of $49,000. Delivery costs and set-up charges will be $13,400 and $430, respectively. Pronghorn Growth uses straight-line depreciation and has a required rate of return of 9%. Pronghorn Growth estimates that the tractor will be used five times a week with the average charge to the individual farmers of $430. Fuel is $60 for each use of the tractor. The present value of an annuity of 1 for 10 years at 9% is 6.41766. Click here to view PV tables. For the new tractor, compute the: 0.33/1 Question 9 of 10 20 III (a) Your answer is correct. Cash payback period. (Round answer to 1 decimal places, e.g. 15.2.) Cash payback period 6.0 years e Textbook and Media Attempts: 1 of 5 used Question 9 of 10 0.33/1 III : (b) Net present value. (Round factor values to 5 decimal places, e.g. 15.11212. Round Intermediate calculations and final answer to 0 decimal places, e.g. 5,275.) Net present value $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit