Problem 1 (2 points) 1.1 Consider the proposed capital investment in an engineering project. . Proposed capital investment: $110,000 Salvage value (end of year four): 0 Annual expenses per year: $15,000 Gross revenues per year: $65,000 Depreciation method: GDS Property Class year: 3 Effective income tax rate (t): 20% After-tax MARR (i): 10% The study period is 4 years. determine (a) after-tax AW (b) annual equivalent EVA. Problem 1 (2 points) 1.1 Consider the proposed capital investment in an engineering project. . Proposed capital investment: $110,000 Salvage value (end of year four): 0 Annual expenses per year: $15,000 Gross revenues per year: $65,000 Depreciation method: GDS Property Class year: 3 Effective income tax rate (t): 20% After-tax MARR (i): 10% The study period is 4 years. determine (a) after-tax AW (b) annual equivalent EVA