Vilas Company is considering a capital investment of $201.400 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 $16,112 and $53,000, respectively. Vilas has a 12% cost of capital rate, which Is the required rate of return on the investment. Click here to view the factor table. (a) Compute the cash payback period. (Round answer to 1 decimal place, es 10,5) Cash payback period years Compute the annual rate of return on the proposed capital expenditure (Round answer to 2 decimal places, es 10.52%) Annual rate of return X (b) Using the discounted cash flow technique, compute the net present value of the net present value is negative, use either a negative silen preceding the number 6.3.-45 or parentheses es: (45). Round answer for present value to O decimal places, es 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided) Net present value TABLE 1 Future Value of 1 (n) Periods 4% 5% 0 1.00000 1.00000 1 1.04000 1.05000 2 1.08160 1.10250 3 1.12486 1.15763 4 1.16986 1.21551 5 1.21665 1.27628 6 1.26532 1.34010 7 1.31593 1.40710 8 1.36857 1.47746 9 1.42331 1.55133 10 1.48024 1.62889 11 1.53945 1.71034 12 1.60103 1.79586 13 1.66507 1.88565 14 1.73168 1.97993 15 1.80094 2.07893 16 1.87298 2.18287 17 1.94790 2.29202 18 2,02582 2.40662 19 2.10685 2.52695 20 2.19112 2,65330 6% 7% 1.00000 1.00000 1.06000 1.07000 1.12360 1.14490 1.19102 1.22504 1.26248 1.31080 1.33823 1.40255 1.41852 1.50073 1.50363 1.60578 1.59385 1.71819 1.68948 1.83846 1.79085 1.96715 1.89830 2.10485 2.01220 2.25219 2.13293 2.40985 2.26090 2.57853 2.39656 2.75903 2.54035 2.95216 2.69277 3.15882 2.85434 3.37993 3.02560 3.61653 3.20714 3.86968 8% 9% 10% 11% 1.00000 1.00000 1.00000 1.00000 1.08000 1.09000 1.10000 1.11000 1.16640 1.18810 1.21000 1.23210 1.25971 1.29503 1.33100 1.36763 1.36049 1.41158 1.46410 1.51807 1.46933 1.53862 1.61051 1.68506 1.58687 1.67710 1.77156 1.87041 1.71382 1,82804 1.94872 2.07616 1.85093 1.99256 2.14359 2.30454 1.99900 2.17189 2.35795 2.55803 2.15892 2.36736 2.59374 2.83942 2.33164 2.58043 2.85312 3.15176 2.51817 2.81267 3.13843 3.49845 2.71962 3.06581 3.45227 3.88328 2.93719 3.34173 3.79750 4.31044 3.17217 3.64248 4.17725 4.78459 3.42594 3.97031 4.59497 5.31089 3.70002 4.32763 5.05447 5.89509 3.99602 4.71712 5.55992 6.54355 4.31570 5.14166 6.11591 7.26334 4,660965.60441 6.72750 8.06231 12% 1.00000 1.1 2000 1.25440 1.40493 1.57352 1.76234 1.97382 2.21068 2.47596 2.77308 3.10585 3.47855 3.89598 4.36349 4.88711 5.47357 6.13039 6,86604 7.68997 8.61276 9.64629 15% 1.00000 1.15000 1.32250 1.52088 1.74901 2.01136 2.31306 2.66002 3.05902 3.51788 4,04556 4.65239 5.35025 6.15279 7.07571 8.13706 9.35762 10.76126 12.37545 14.23177 16.36654 TABLE 2 Future Value of an Annuity of 1 (n) Payments 4% 5% 6% 7% 8% 996 10% 11% 12% 15% 1.00000 1.00000 1.00000 1.0000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 2.04000 2.05000 2.06000 2.0700 2.08000 2.09000 2.10000 2.11000 2.12000 2.15000 3.12160 3.15250 3.18360 3.2149 3.24640 3.27810 3.31000 3.34210 3.37440 3.47250 4.24646 4,31013 4.37462 4.4399 4.50611 4.57313 4.64100 4.70973 4.77933 4.99338 5.41632 5.52563 5.63709 5.7507 5.86660 5.98471 6.10510 6.22780 6.35285 6.74238 6.63298 6.80191 6.97532 7.1533 7.33592 7.52334 7.71561 7.91286 8.11519 8.75374 7.89829 8.14201 8.39384 8.6540 8.92280 9.20044 9.48717 9.78327 10.08901 11.06680 8 9.21423 9.54911 9.89747 10.2598 10.63663 11.02847 11.43589 11.85943 12.29969 13.72682 9 10.58280 11.02656 11.49132 11.9780 12.48756 13.02104 13.57948 14,16397 14.77566 16.78584 10 12.00611 12.57789 13.18079 13.8164 14.48656 15.19293 15.93743 16.72201 17.54874 20.30372 11 13.48635 14.20679 14.97164 15.7836 16.64549 17.56029 18.53117 19.56143 20.65458 24.34928 12 15.02581 15.91713 16.86994 17.8885 18.97713 20.14072 21.38428 22.71319 24 13313 29.00167 13 16.62684 17.71298 18.88214 20.1406 21.49530 22.95339 24.52271 26.21164 28.02911 34.35192 14 18.29191 19.59863 21.01507 22.5505 24.21492 26.01919 27.97498 30.09492 32.39260 40.50471 15 20.02359 21.57856 23.27597 25.1290 27.15211 29.36092 31.77248 34,40536 37.27972 47.58041 16 21.82453 23.65749 25,67253 27.8881 30.32428 33.00340 35.94973 39.18995 42.75328 55.71747 17 23.69751 25.84037 28.21288 30.8402 33.75023 36.97351 40.5447044.50084 48.88367 65.07509 18 25.64541 28.13238 30.90565 33.9990 37.45024 41.30134 45.59917 50.39593 55.74972 75.83636 19 27.67123 30.53900 33.75999 37.3790 41.44626 46.01846 51.15909 56.93949 63.43968 88.21181 20 29.77808 33.06595 36.7855940.9955 45.76196 51.16012 57.27500 64.20283 72.05244 102.44358 AN OOS 7% TABLE 3 Present Value of 1 (11) Periods 4% 5% 96154 .95238 92456 90703 .88900 .86384 85480 .82270 82193 78353 179031 74622 .75992 .71068 73069 67684 70259 64461 67556 61391 .64958 58468 62460 55684 .60057 53032 14 57748 50507 15 55526 48102 16 53391 45811 17 51337 43630 18 49363 41552 19 47464 39573 20 45639 37689 80aWNE VODWN 6% 94340 .89000 83962 .79209 .74726 70496 .66506 .62741 59190 55839 52679 49697 46884 44230 41727 39365 37136 35034 33051 31180 0.93458 0.87344 0.81630 0.76290 0.71299 0.66634 0,62275 0.58201 0.54393 0,50835 0.47509 0.44401 0.41496 0.38782 0.36245 0.33873 0.31657 0.29586 0.27615 0.25842 8% 92593 85734 .79383 73503 68058 63017 58349 54027 50025 46319 42888 39711 36770 34046 31524 29189 27027 25025 23171 21455 9% 91743 84168 -77218 170843 .64993 59627 54703 50187 46043 42241 38753 35554 32618 29925 27454 25187 23107 21199 19449 17843 10% 90909 82645 .75132 68301 62092 56447 51316 46651 42410 38554 35049 31863 28966 126333 23939 21763 19785 17986 16351 14864 11% 90090 .81162 .73119 65873 59345 53464 48166 43393 39092 35218 31728 28584 25751 23199 20900 18829 16963 .15282 13768 .12403 1296 89286 .79719 -71178 63552 56743 50663 45235 40388 36061 32197 28748 25668 22917 20462 18270 16312 14564 13004 11611 10367 15% 86957 75614 65752 57175 49718 43233 37594 32690 28426 .24719 21494 18691 16253 -14133 12289 10687 09293 08081 07027 .06110 TABLE4 Present Value of an Annuity of 1 (1) Payments 4% 5% 6% 79 96154 95238 94340 0.93458 1.88609 1.85941 1.83339 1.80802 2.77509 2.72325 2.67301 2.62432 3.62990 3.54595 3.46511 3.38721 4.45182 432948 4.21236 4.10020 5.24214 5.07569 4.91732 4.76654 6.00205 5.78637 5.58238 5.38929 6.73274 6.46321 6.20979 5.97130 7.43533 7.10782 6.80169 6.51523 10 8.11090 7.72173 7.36009 7.02358 11 8.76048 8.30641 7.88687 7.49867 12 9.38507 8.86325 8.38384 7.94269 13 9.98565 9.39357 8.85268 8.35765 14 10.56312 9.89864 9.29498 8.74547 11.11839 10.37966 9.71225 9.10791 11.65230 10.83777 10.10590 9.44665 17 12.16567 11.27407 10.47726 9.76322 18 12.65930 11.68959 10.82760 10.05909 19 13.13394 12.08532 11.15812 1033560 20 13.59033 12.46221 11.46992 10.59401 MOOONO 98 896 92593 1.78326 2.57710 3.31213 3.99271 4.62288 5.20637 5.74664 6.24689 6.71008 7.13896 7.53608 7.90378 8.24424 8,55948 8.85137 9.12164 9.37189 9.60360 9.81815 9% 10% 91743 90909 1.75911 1.73554 2.53130 2.48685 3.23972 3.16986 3.88965 3.79079 4.48592 4.35526 5,03295 4.86842 5.53482 5.33493 5.99525 5.75902 6.41766 6.14457 6.80519 6,49506 7.16073 6,81369 748690710336 7.78615 7.36669 8.06069 7.60608 8.31256 7.82371 8.54363 8,02155 8.75563 8.2014 8.95012 8.36492 9.12855 8.51356 11% 90090 1.71252 2.44371 3.10245 3.69590 4.23054 4,71220 5.14612 5.53705 5.88923 6,20652 6.49236 6.74987 6.98187 7.19087 7.37916 7.54879 7.70162 7.83929 7.96333 12% 15% 89286 .86957 1.69005 1.62571 2.40183 228323 3.03735 2.85498 3.60478 3.35216 4.11141 3.78448 4.56376 4.16042 4.96764 4.48732 5.32825 4.77158 5.65022501877 5.93770 5.23371 6.19437 542062 6.42355 5.58315 6.62817 5.72448 6.81086 5.84737 6.97399595424 7.11963 6.04716 7.24967 6,12797 736578 6.19823 7.46944 6.25933