Incorrect Question 27 076.25 pts Information for questions 24-27: Carry-Along is debating whether or not to invest in new equipment to manufacture a line of high-quality luggage. The new equipment would cost $1,000,000, with an estimated four-year life and a $15,000 salvage value. The estimated annual operating results with the new equipment are as follows: Revenue from sales of new luggage line $925,000 Expenses other than depreciation $625.000 Depreciation (straight-line basis) 250.000 (875,000 Increase in net income from the new line $50.000 paid in cash in the same period recognized for accounting purposes. All revenue from the new luggage line and all expenses (except depreciation) will be received Does this investment pass the screening stage of capital budgeting? Yes No