13C Homework Help Sa Wirthrop Company has an opportunity to manufacture and sell a new product for a five-year period. To pursue this opportunity, the company would need to purchase a piece of eqapment for $135,000 The equpment would have a useful ife of hve years and zero salvage value. It would be depreciated for financial reporting and tax purposes using the straight -ine method After careful study Winthrop estimated the foliowing annual costs and revenues for the new product Annual revenues and costs . Sales revenues $260,0 $125,088 Variable expenses Fixed out-of-pocket operating costs $ 71,000 edwees : The company's tax rate is 30% and 4s anes-tax cost of capeal is 16%. Chick here to vniew Estiin 1384 and Ext 13.2 to determine the appropriate discoune factoris) using tables Required: L Caicuiate the annual income ax expense that wi arise as a resiult of this nvesiment 2 Canculate the net present valve of this linvestmeet opportunity (Round your final answer to rearest whole doaliar) 6 8