The rate of earnings is 10% and the cash to be received in four years is $32,460.00. Determine the present value amount, using the following partial table of present value of $1 at compound interest (round to two decimal points).

Year	6%	10%	12%
1	0.943	0.909	0.893
2	0.890	0.826	0.797
3	0.840	0.751	0.712
4	0.792	0.683	0.636

Select the correct answer.

$30,609.78

$25,708.32

$29,506.14

$22,170.18

Jell Company is considering the acquisition of a machine that costs $301,999.00. The machine is expected to have a useful life of 6 years, a negligible residual value, an annual cash flow of $97,826.00, and annual operating income of $83,152.10. Determine the estimated cash payback period for the machine (round to one decimal points).

Select the correct answer.

3.1 years

3.6 years

1.2 years

4.8 years

Determine the expected average rate of return for a proposed investment of $577,915.00 in a fixed asset, with a useful life of four years, straight-line depreciation, no residual value, and an expected total net income of $215,827.00 for the 4 years (round to two decimal points).

Select the correct answer.

9.34%

74.69%

37.35%

18.67%