The Van Rhijn Corporation has decided to invest in a project that is expected to produce the following cash flows: The project would require a $8,000 initial investment. What is the cash payback period for the project? Round your final answer to two decimal places. If you were given the purchase price of a car and were trying to determine the annual payment on a related loan which time value of money table should you use? Future value of $1 Future value of an annuity of $1 Present value of an annuity of $1 Present value of \$1 The McAllister Company borrowed $40,000 from a bank on January 1, 2021 at an interest rate of 4 percent; the loan will be repaid in full at the end of the two-year term. What amount of interest expense will the company record in its financial statements for the year 2022 ? As needed, round your final answer (but not intermediate steps) to the nearest whole dollar and enter as a positive number