what are the answer for 1. an annual rate of return for the investment and 2. net present value ( please show your work, No excel work please)

for question1, i tried (9610+11460+16000+15950+16580)/5

=13920

13920/105400=13.21% but it was wrong

BAP Corporation is reviewing an investment proposal. The initial cost and estimates of the book value of the investment at the end of each year, the net cash flows for each year, and the net income for each year are presented in the schedule below. All cash flows are assumed to take place at the end of the year. The salvage value of the investment at the end of each year is equal to its book value. There would be no salvage value at the end of the investment's life. Investment Proposal Initial Cost Annual Annual Year and Book Cash Flows Net Income Value $105,400 69,910 $45,100 $9,610 40,300 11,460 41,070 21,170 35,900 16,000 7,420 29,700 15,950 24,000 16,580 BAP Corporation uses a 12% target rate of return for new investment proposals. (Refer the below table)