(8-35-A company requires a 26% inter in U.S. dollars on project investments ts l foreign countries. (8.6) A is projected to average a. If the currency of Country an 8% annual devaluation relative to the rate of return (in terms of the currency there) would be required for a project? b. If the dollar is projected to devaluate 6% annually relative to the currency of Country B, what rab of return (in terms of the currency there) would b required for a project? Your company manufactures circuit boards and other electronic parts for various commercial products. Design changes in part of the product line, which are expected to increase sales, will require changes in the manufacturing operation. The cost basis of new equipment required is $220,000 (MACRS five-year property class). Increased annual revenues, in year zero dollars, are estimated to be $360,000. Increased annual expenses, in year zero dollars, are estimated to be $239,000. The estimated market value of equipment in actual dollars at the end of the six-year analysis period is $40,000, General price inflation is estimated at 4.9% per year; the total increase rate of annual revenues is 2.5%, and for annual expenses it is 5.6%, the after-tax MARR (in market terms) is 10% per year (im); and t-: 39%. (Chapter 7 and 8.3, 8.7) 8-44