Cross Country Railroad ine, is considering acquiring equipment at a cost of $304 , 000 , The equipment has en estimated life of 10 years and no resideal vilie. It is expected to provide yearly net cash fows of $38 , 000 . The company's minimum desired rate of retum for flet present value analysis is 15% . Present Value of an Annuity of $1 at Compound Interest Compute the following: a. The average rate of return, assuming the annual earnings are equal to the net cashi fiows less the annual depreciation expense on the equipment. If required, round your answer to one decimal place. ad b. The cash payback period. V years c. The net present value, Use the above table of the present vaiue of an snnuity of s1. Round to the nearest dollar