raight-ine basls (7-ayear life, no salvege vahue). Depreciation expense is lnchale he projected annual revenues and oosts of the new produot that wil be produced from the equipmen a Sales Less oosts and expenses 230,000 Manufacturing costs Selling and edministrative $145,000 Income before Income taxos 35.000 200.00 30,000 12.000 of $1.00 Table Income tax expense Net income Present Value of ar Perlods () 401 369 2.4437 1699 9927 3.79083.6939 3.6048 3.35 845 5.2064 1461 4.96764.43734.077 Instructions (a) Compute the annual rate of return. (b) Compute the cash payback period. (o) Compute the net present value assuming a 12% required rate of return. (d) Determine the estimated internal rate of return. )Should MC Inc. accept the proposal? Exolain