Sheridan Company is considering a capital investment of $198,900 in additional productive facilities. The new machinery is expected to have a useful life of 5 years with no salvage value. Depreciation is by the straight-line method. During the life of the investment, annual net income and net annual cash flows are expected to be $13,923 and $51,000, respectively. Sheridan has a 12% cost of capital rate, which is the required rate of return on the investment. Click here to view PV table (a) Compute the cash payback period. (Round answer to 1 decimal place, es: 10.5.) Cash payback period years Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, eg. 10.52%) Annual rate of return % (b) Using the discounted cash flow technique.compute the net present value of the net present value is negative, use either a negative sign preceding the number eg.-45 or parentheses es. (45). Round answer for present value to 0 decimal places, eg 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided) Net present value