Standard Costs and Planning for estion 8 of 11 1) < > Your answer is correct. Carper was presented with a second capital investment that provided similar production facilities as the first one. This investment cost $405.000, had a useful life of 7 years with a salvage value of $15.000. 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 $26.460 and $81.000 respectively. Carper's 7% cost of capital is also the required rate of return on the investment. Compute the cash payback period. (Round answer to 0 decimal places, e.g. 25.) Cash payback period (c2) e Textbook and Media Compute the annual rate of return. (Round answer to 2 decimal places, e.g. 15.25%) Annual rate of return Save for Later 5 years % 1.43/2.5I Attempts: 1 of 2 used: 4 Attempts: 0 of 2 used Subenit Answer (C3) The parts of this question must be completed in order. This part will be available when you complete the part above