Question 7 1 pts A company is considering purchasing factory equipment that costs $340,000 and is estimated to have a $20,000 salvage value at the end of its 8-year useful life. If the equipment is purchased, annual revenues are expected to be $90,000 and annual operating expenses including depreciation expense are expected to be $78,000. The straight-line method of depreciation would be used. If the equipment is purchased, the annual rate of return (rounded) on this equipment is 7.5% 3.5% 6.7% 7.1% Question 14 1 pts A company has a minimum required rate of return of 9% and is considering investing in a project that costs $160,000 and is expected to generate net cash flows of $48,000 at the end of each year for four years. The net present value of this project is $26,703 $32,000 $4,493 $14,816