Vilas Company is considering a capital investment of $190,600 in additional productive facilities. The new machinery is expected to have a useful life of 5 years with no salvage value. Depreciation is by the straight-line method. During the life of the investment, annual net income and net annual cash flows are expected to be $17,470 and $49,780, respectively. Vilas has a 12% cost of capital rate, which is the required rate of return on the investment. Compute Cash Payback Period in years. Compute Annual Rate of Return. Compute Net PResent Value.