Ruth just graduated from college. Since she is starting her own business, it's time to upgrade from her clunker to a reliable vehicle. Ruth has the option to purchase a new carfor her business at a cost of $21,528 (life of 7 years with no salvage value), estimating that it would help her bring in additional annual net operating cash flows of $10,400 over the life of the car. Determine the simple payback period and the IRR for this investment. Ruthexpects her business income to be subject to a 30% tax rate. (Round simple paybock perlod to 3 decimal ploces, es. 15.256 and IRR to 2 decimal ploces, es 15.25K. Round Intermedilate calculations to 2 declmat ploces, es 15.25 ) Simple payback period IRR