Adrian Sonnetson, the owner of Runner 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 $809,600, 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. Sonnetson's required rate of return for this project is 12 percent. Net income related to each year of the investment is as follows: Revenue $641,000 Less: Material cost Labor Depreciation Other Income before taxes Taxes at 40% 69,600 151,200 80,960 11,000 328,240 131,296 $196,944 Net income Determine the net present value of the investment in the paint and body shop. (Round present value factor calculations to 4 decimal places, e.g. 1.2151 and final answer to O decimal place, e.g. 125. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Net present value $ 760613.18 Calculate the accounting rate of return. (Round final answer to 2 decimal place, e.g. 45.67%.) Accounting rate of return 49 %