Use the following information to answer questions 9-10: (Ignore income taxes in this problem) Haws Company is considering investing in a new piece of equipment that will cost $140,000 and last for seven years. After purchase, the equipment will generate a net operating income of $15,000 per year and a cash flow of $35,000 per year. 9. What is the payback period? 10. What is the simple rate of return