An investment of 80,200 returned 20,000 per year over a five year useful life and then have a salvage value equal to its annual revenue. Annual operations and maintenance cost is 16,500 and the...

An investment of 80,200 returned 20,000 per year over a five year useful life and then have a salvage value equal to its annual revenue. Annual operations and maintenance cost is 16,500 and the company is expecting a 20% MARR. Determine the payout period and the rate of return on the investment. DO NOT USE EXCEL & SHOW THE SOLUTION.