QUESTION 9 Year 0 1 2 2 Revenues 3 5 13,000 13,000 13,000 13,000 3 Costs of Goods Sold 0 -5,500 -5,500 -5,500 -5,500 4 Gross Profit 0 7,500 7,500 7,500 5 Selling, General, and Administrative 7,500 0 - 2,800 6 Depreciation -2,800 -2,800 -2,800 0 -1,500 -1,500 -1,500 -1,500 -1,500 7 EBIT 3,200 3,200 3,200 3,200 -1,500 8 Income Tax at 40% -1,280 -1,280 -1,280 -1,280 600 9 Incremental Earnings 11.920 1,920 1,920 1,920 -900 10 Add Back Depreciation 1,500 1,500 1,500 1,500 1,500 11 Purchase of Equipment -7,500 12 Subtract Changes in NV -1,125 0 0 0 1,125 13 Incremental Free Cash Flows -7,500 2.295 3,420 3,420 3,420 1,725 Based upon the chart above, calculate Ripples IRR (%) to two decimal places Note-required rotum 8% QUESTION 10 Incrementaleamings can be used to directly calculato a company's NPV as long as you know the required retum True O False Chick Save and Submit to save and submit. Click Save All Artwall are