Afirm is chsidering investing in a new piece of equipment. The equipment would cost $500,000 and would have shipping and installation cost of $125.000. purchased the machine would have an estimated useful life of 5 years and would be depreciated via a 5-year MACAS schedule (... 20.0%.320%, 19.2%, 11.5%. 11.6%, and 5,8%). Adoption of the project would also require an increase in working capital of $50,000. Il the new equipment is purchased, an old piece of equipment which is still useable for 5 more years) could be sold for $30,000. The old machine had been depreciated on a straight line basis and currently has a book value of zoro The machine would generato annual incremental revenues of $250.000 and annual incremental expenses of $50,000. It is estimated that the machine can be sold as scrap at the end of its 5 year useful life for $80,000. The required return on projects of this naturo is 14% and the firm's marginal tax rate in 40% Which of the following closest to the projects IAR? 16.3