A laser company plans to receive $35,000 each year for 15 years from sales of a product. An initial investment of $210,000 will be required to manufacture the product. Expenses will cost $6,000 annually. With no salvage value and straight-line depreciation is being used, the income tax rate is about 48%. The MARR is expected to be at 10%. Thus, the BTCF for year 1 to 15 is always $29,000.

true or false