Spanish Peaks Railroad Inc. is considering acquiring equipment at a cost of $256,000. The equipment has an estimated We of 10 years and no residual value. It is expected to provide yearly net cash flows of $32,000. The company's minimum desired rate of return for net present value analysis is 10%. Present Value of an Annuity of $1 at Compound Interest Year 6% 10% 15% 20% 12% 0.893 1 0.943 0.909 0.870 0.833 2. 1.736 1.690 1.528 1.833 2.673 3 1.626 2.283 2.487 2.402 2.106 2.589 4 3.170 3.037 3.465 4.212 5 2.855 3.353 3.785 3.605 4.111 2.991 6 4.917 3.326 3.791 4.355 4.868 5335 7 5.582 3.605 4.160 4.487 8 4.564 4.968 5.32 6.210 3.837 6.802 5.759 4,031 4.772 5.019 10 6.145 5.650 4.192 Compute the following: 2. The average rate of return, giving effect to straight line depreciation on the investment. If required, round your answer to ona decimal place, b. The cash payback period. 6. The net present value. Use the above table of the present Value of annuity of 51. Round to the nearest doter of required, use a mission to indicate negative net present value for current grading purpose Present Value o anual net cash flows Amount to be invested he