Corn?eld Company is considering a long-term capital investment project in laser equip- ment. This will require an investment of $280,000, and it will have a useful life of 5 years. Annual net income is expected to be $16,000 a year. Depreciation is computed by the straight-line method with no salvage value. The company's cost of capital is 10%.Compute the cash payback period for the project.Compute the net present value for the project.Compute the annual rate of return for the project.