Adrian Sonnetson, the owner of Adrian Motors, is considering the addition of a paint and body shop to his automobile dealership.Construction of a building and the purchase of necessary equipment is estimated to cost $803,000, and both the building and equipment will be depreciated over 10 years using the straight-line method. The building and equipment have zero estimated residual value at the end of 10 years.Sonnetsons required rate of return for this project is 12 percent. Net income related to each year of the investment is as follows: Revenue $654,000 Less: Material cost 71,800 Labor 150,000 Depreciation 80,300 Other 11,000 Income before taxes 340,900 Taxes at 40% 136,360 Net income $204,540

a)Determine the net present value of the investment in the paint and body shop. b)Calculate the internal rate of return of the investment c)Calculate the payback period of the investment d)Calculate the accounting rate of return