Whispering Winds Growth Farms, a farming cooperative, is considering purchasing a tractor for $568,680. The machine has a 10-year life and an estimated salvage value of $53,000. Delivery costs and set-up charges will be $13,800 and $440, respectively. Whispering Winds Growth uses straight-line depreciation and has a required rate of return of 9%. Whispering Winds Growth estimates that the tractor will be used five times a week with the average charge to the individual farmers of $440. Fuel is $60 for each use of the tractor. The present value of an annuity of 1 for 10 years at 9% is 6.41766. Click here to view PV tables. For the new tractor, compute the: (a) (b) (c) Your answer is correct. Cash payback period. (Round answer to 1 decimal place, e.g. 15.2.) Cash payback period 5.9 years * Your answer is incorrect. Attempts: 1 of 2 used Net present value. (Round factor values to 5 decimal places, e.g. 15.11212. Round Intermediate calculations and final answer to O decimal places, e.g. 5,275.) Net present value $ 51144 * Your answer is incorrect. Annual rate of return. (Round answer to 2 decimal places, e.g. 15.25%.) Annual rate of return Save for Later 13.56 % Attempts: 2 of 2 used Attempts: 1 of 2 used Submit