Jenny Durdil Company is considering an investment of $200,000 in new equipment which will be depreciated on a straight-line basis (8-year life, no salvage value). The expected annual revenues and costs of the new product that will be produced from the equipment are: Sales $292,000 Less costs and expenses: Manufacturing costs S200,000 Equipment depreciation 25,000 Selling and administrative 43,900 268,900 Income before income taxes 23,100 Income tax expense (30%) 6,930 Net income $ 16,170 Instructions (a) Compute the annual rate of return. (b) Compute the cash payback period. (c) Compute the net present value assuming a 12% required rate of return. (d) Determine the internal rate of return.