In 2018, a certain manufacturing company has some existing semi-automated production equipment which they are considering replacing. This equipment has a present market value of $59,000 and a book value of $34,000. It has five more years of straight-line depreciation available (if kept) of $6,800 per year, at which time its BV would be zero. The estimated market value of the equipment five years from now (in year 0 dollars) is $17,.200. The market value escalation rate on this ype of equipment has been averaging 3 8% per year. The total annual operating and maintenance O & M expense and other related expenses are averaging $26,600 per year. New autmated replacement equipment would be leased. Estimated O & M and related company expenses for the new equipment are $13,100 per year. The annual leasing costs would be $23,100. The MARR after-tax including inflation component) is 7%, the effective tax rate is 25%, and the study period is five years. Based on an after-tax, AS analysis, should the new equipment be leased? Use the IRR method. The actual IRR on the incremental cash flows is % (Round to one decimal place. In 2018, a certain manufacturing company has some existing semi-automated production equipment which they are considering replacing. This equipment has a present market value of $59,000 and a book value of $34,000. It has five more years of straight-line depreciation available (if kept) of $6,800 per year, at which time its BV would be zero. The estimated market value of the equipment five years from now (in year 0 dollars) is $17,.200. The market value escalation rate on this ype of equipment has been averaging 3 8% per year. The total annual operating and maintenance O & M expense and other related expenses are averaging $26,600 per year. New autmated replacement equipment would be leased. Estimated O & M and related company expenses for the new equipment are $13,100 per year. The annual leasing costs would be $23,100. The MARR after-tax including inflation component) is 7%, the effective tax rate is 25%, and the study period is five years. Based on an after-tax, AS analysis, should the new equipment be leased? Use the IRR method. The actual IRR on the incremental cash flows is % (Round to one decimal place