The Southern Company is considering a long-term capital investment in laser equipment. Investment $280,000 useful life in 5 years annual net income $16,000 depreciation - straight line, no salvage value 10 Capital cost 10% Instructions: Show the ca;cu;os Calculate the cash payback period 4 pts. Calculate the present value of the project (present value 10% ) 4 pts. Calculate the annual rate of return of the project 4 pts. Do you accept or reject the project? Because