K Save The Ingersoll Engineering Company is considering the purchase of a gas flow meter. Its purchase price is $9,900 and another $500 will be spent shipping and installing this device. Use of the meter is expected to result in a $9,400 annual increase in revenue, and operating expenses are estimated to be $5,500 per year. The meter will be used for five years, and then it will be sold for an estimated market value of $2,750. The meter's MACRS property class is five years Determine the after-tax IRR on this investment if the effective income tax rate (1) is 29%. If the after-tax MARR is 12%, should this gas flow meter be purchased, installed and utilized by the company? What is the payback period based on the after-tax cash flows? Click the icon to view the GDS Recovery Rates (k) Click the icon to view the interest and annuity table for discrete compounding when the MARR is 12% per year The after-tax IRR on the investment is %. (Round to one decimal place.) Year GDS Recovery Rates (r) for the Six Personal Property Classes Recovery Period (and Property Class) 3-year 5-year 7-year 10-year 15-year 20-year 1 0.3333 0.2000 0.1429 0.1000 0.0500 0.0375 2 0.4445 0.3200 0.2449 0.1800 0.0950 0.0722 3 0.1481 0.1920 0.1749 0.1440 0.0855 0.0668 Save ice is $9,900 and in a $9,400 annual used for five class is five ax MARR is 12%, 4 0.0741 0.1152 0.1249 0.1152 k period based on 0.0770 0.0618 5 0.1152 0.0893 0.0922 0.0693 0.0571 6 0.0576 0.0892 0.0737 0.0623 0.0528 7 0.0893 0.0655 0.0590 0.0489 s 12% per year 8 0.0446 0.0655 0.0590 0.0452 9 0.0656 0.0591 0.0447 10 0.0655 0.0590 0.0447 11 0.0328 0.0591 0.0446 0.0590 0.0446 12 0.0591 0.0446 13 0.0590 0.0446 14 0.0591 0.0446 15 0.0295 0.0446 16 0.0446 17 0.0446 18 00446 19