Sarasota Growth Farms, a farming cooperative, is considering purchasing a tractor for $563.170. The machine has a 10-year life and an estimated salvage value of $51,000. Delivery costs and set-up charges will be $13,600 and $430, respectively. Sarasota Growth uses straight-line depreciation and has a required rate of return of 9% Sarasota 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 (a) Your answer has been saved. See score details after the due date. Cash payback period. (Round answer to 1 decimal places, eg. 15.2) Cash payback period 6 years Attempts: 1 of 1 used (b) Net present value. (Round factor values to 5 decimal places, eg. 15.11212. Round Intermediate calculations and final answer to O decimal places, eg. 5,275) Net present value $ Save for Later Attempts: 0 of 1 used Submit Answer