*Problem 9-7 Adrian Sonnetson, the owner of Adrian Motors, is considering the addition of a paint and body shop to his automobile dealership Construction of a building and the purchase of necessary equipment is estimated to cost $801,000, and both the building and equipment will be depreciated over 10 years using the straight-line method. The building and equipment have zero estimated residual value at the end of 10 years.Sonnetson's required rate of return for this project is 12 percent. Net income related to each year of the investment is as follows: $648,000 Revenue Less: 70,500 Material cost Labor 151,000 Depreciation 80,100 Other 11,000 Income before taxes 335,400 Taxes at 40% 134,160 $201,240 Net income