Rolling Wave is considering purchasing a water park in Newark, New Jersey, for $1,950,000. The new facility will generate annual net cash The company uses straight-line depreciation its owners want payback in less than five years and an ARR of 12% or more Management use (Click the icon to view the present value annuity table. C ck the icon to view the present value table. (Click the icon to view the future value annuity table.) lick the icon to view the future value table.) Requirement 1. Compute the payback period. the ARR, the NPV and the approximate IRR of this investment (If you use the tables to co The to