Vilas Company is considering a capital investment of $203.500 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 $15.873 and $55.000, 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, s. 10.5) Cash payback period years Compute the annual rate of return on the proposed capital expenditure (Round answer to 2 decimal places, s. 10.52%) Annual rate of return % (b) Using the discounted cash flow technique, compute the net present value. (if the net present value is negative, use either a negative sin preceding the number -45 or parentheses eg. (45). Round answer for present value to decimal places, 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided) (b) Using the discounted cash flow technique, compute the net present value of the net present value is negative, use either a negative sin preceding the numbers. 45 or parentheses es (45). Round answer for present value to decimal places, s. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided) Net present value