Adrian Sonnetson, the owner of Pembina 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 $789,500, 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		$640,400
Less:
Material cost		69,900
Labor		150,400
Depreciation		78,950
Other		10,000
Income before taxes		331,150
Taxes at 40%		132,460
Net income		$198,69

Net present value

Payback periodenter payback period in years rounded to 1 decimal place years

Accounting rate of return enter the accounting rate of return in percentages rounded to 2 decimal places %

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