Sunland Corporation is reviewing an imvestment proposal. The initial cost is $104,400. Estimates of the book value of the imvestment at the end of each year, the net cash flows for each year, and the net income for each year are presentod in the following schedule. All cash flows are assumed to take place at the end of the year. The salvage value of the imestment at the end of each year is assumed to equal its book value. There would be no salvage value at the end of the investment's life. Sunland Corporation uses an 11% target rate of return for now inwestment proposals. Cictiere to view PN table. (a) What is the cash paybock period for this proposal? (Hound ansuer to 2 decimal ploces, es, 10.50) Cashpaybackperiod wears (b) What is the annual rate of return for the irwestment? (Round answer to 2 decimol ploces, es, 1050 ) Sunland Corporation uses an 11% target rate of return for new investment proposals. Clickhere to view PV table; (a) What is the cash payback period for this proposal? (Round answer to 2 decimal places, e.g. 10.50.) Cash payback period years (b) What is the annual rate of return for the irvestment? (Round answer to 2 decimal ploces, eg 10.506). Annual rate of return for the investment \% (c) What is the net present value of the investment? of the net present value is negotive, use either a negative sign preceding the number es -45 or parentheses es (45). Round answer to 0 decimal places, es. 125. For calculation purposes, use 5 decimal places as displayed in the foctor table provided! Net present value s