Assume that a company has provided the following information regarding a capital investment opportunity: Initial investment in equipment Initial investment in working capital Estimated annual sales Estimated annual cash operating expenses $150,000 $ 25,000 $140,000 $ 80,000 The equipment has a skyear useful life and no salvage value. The working capital will be released at the end of the project. The company's tax rate is 30%. What is the annual income tax expense associated with this investment? Multiple Choice O 12000 O $10.500 2.000 5.000 Assume that a company is considering buying a new piece of equipment for $280,000 that would have a useful life of five years and a salvage value of $20,000. The equipment would generate the following estimated annual revenues and expenses: $120,000 Revenues Less operating expensest Commissions Insurance Depreciation Maintenance Net operating income $15,000 5,000 52,000 30,000 102,000 $ 18,000 Click here to view Exhibit 148-1 and Exhibit 148-2. to determine the appropriate discount factor(s) using the tables provided. The company also believes that this investment would provide some annual intangible benefits that are difficult to quantify. Assuming a discount rate of 18% the minimum dollar value per year that must be provided by the equipment's intangible benefits to justify the $280,000 investment is closest to