The management of Dewitz Corporation is considering a project that would requi

The management of Dewitz Corporation is considering a project that would require an initial investment of $72000. No other cash outflows
would be required. The present value of the cash inflows would be $85680. The profitability index of the project is closest to:

(Ignore income taxes in this problem.) Brewer Company is considering purchasing a machine that would cost $578100 and have a useful life of 8
years. The machine would reduce cash operating costs by $92708 per year. The machine would have a salvage value of $116020 at the end of the
project.

Compute the payback period for the machine. (Round your answer to 2 decimal places.)

Compute the simple rate of return for the machine. (Round your intermediate calculations to nearest dollar
amount and final answer to 2 decimal places.)