Adrian Sonnetson, the owner of Tarjee 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. Sonnetsons required rate of return for this project is 12 percent. Net income related to each year of the investment is as follows:

Revenue		$656,300
Less:
Material cost		69,900
Labor		151,600
Depreciation		80,960
Other		10,000
Income before taxes		343,840
Taxes at 40%		137,536
Net income		$206,304

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 0 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

$_______________________________

Should Sonnetson invest in the paint and body shop?

Sonnetson select an option (Should or Should NOT: _________________ invest in the paint and body shop.

Calculate the internal rate of return of the investment (approximate).

Internal rate of return is

______________________

Calculate the payback period of the investment. (Round answer to 1 decimal place, e.g. 12.5.)

Payback period

____________________________

Calculate the accounting rate of return. (Round final answer to 2 decimal place, e.g. 45.67%.)

Accounting rate of return

______________________________________Rate of return in percentages rounded to 2 decimal places %

Can you please show your work step by step?

Thank you!!