Your answer is partially correct Sheridan Company is considering a capital investment of $186,200 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 $17.689 and $49,000, respectively. Sheridan has a 12% cost of capital rate, which is the required rate of return on the investment. Click here to view PV table. (al ite the cash payback period. (Round answer to 1 decimal place, e.g. 10.5.) Cash payback period 2 years Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, e.g. 10.52%) (b) Annual rate of return % Question 2 of 2 Compute the cash payback period. (Round answer to 1 decimal place, e.g. 10.5.) Cash payback period 38 years 1/3 E Compute the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, e.g. 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 sign preceding the number eg. -45 or parentheses e.g. (45). Round answer for present value to O decimal places, e.g. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value