. Sales Offer as Investment. The owner of a self-storage business has just received an offer that is worth \(\$ 600,000\) after taxes for the storage buildings. The orrner is interested in another investment opportunity that can probably yield an annual discounted return of 15 percent after taxes. The storage business is expected to continue to yield an annual cash inflow, before taxes, of \(\$ 170,000\) for a period of 15 years. The book value of the storage buildings is \(\$ 660,000\), and straight-line depreciation is used for tax purposes. Zero salvage value is predicted. A 40 percent tax rate applies.

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Should the offer for the storage business be accepted? Explain.