Problem E Merryll, Inc, is considering three different investments involving depreciable assets with no salvage value. The following data relate to these investments: After-tax net cash inflow Useful Life (years) Initial Cost 140,000 240,000 360,000 Investment $28,000 48,000 68,000 10 20 10 2 The income tax rate is 40%. Management requires a minimum return on investment of 12%. Rank these proposals using the following selection techniques: a. Payback period. b. Unadjusted rate of return. (remember to calculate and SUBTRACT depreciation from net cash inflow for net income) c. Discuss the results. Which project would you recommend and why? Discuss both payback period and rate of return in your analysis