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Exercise 171 Mimi Company is considering a capital investment of $275,000 in new equipment. The...

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Exercise 171 Mimi Company is considering a capital investment of $275,000 in new equipment. The equipment is expected to have a 5-year useful life with no salvage value. Depreciation is computed by the straight line method. During the life of the investment annual net income and cash inflows are expected to be $25,000 and $80 000 respectively. Mimi's minimum required rate of return is 10% The present value of 1 for 5 periods at 10% is .621 and the present value of an annuity of 1 for 5 periods at 10% is 3.791. Compute each of the following: Cash payback period. (Round answer to 2 decimal places, e.g. 15.25.) Cash payback period years LINK TO TEXT LINK TO TEXT LINK TO TEXT Net present value. Net present value s LINK TO TEXT LINK TO TEXT LINK TO TEXT Annual rate of return. (Round answer to 1 decimal places, eg. 15.290.) Annual rate of return Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT LINK TO TEXT Question Attempts: 0 of 2 used

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