Vilas Company is considering a capital investment of $216,000 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 $13,716 and $54,000, respectively. Vilas has a 12% cost of capital rate, which is the required rate of return on the investment Click here to view PV table (a) Compute the cash payback period (Round answer to 1 decimal place, es, 10.5.) Cash payback period 4 years Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, eg. 10.52%) Annual rate of return 127 % (b) Using the discounted cash flow technique, compute the net present value of the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses es (45). Round answer for present value to O decimal places, eg. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided) Net present value