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Required information [ The following information applies to the questions displayed below. ] Metro Car Washes, Inc. is reviewing an investment proposal. The initial cost

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Required information
[The following information applies to the questions displayed below.]
Metro Car Washes, Inc. is reviewing an investment proposal. The initial cost as well as the estimate of the book value of the investment at the end of each year, the net aftertax cash flows for each year, and the net income for each year are presented in the following schedule. The salvage value of the investment at the end of each year is equal to its book value. There would be no salvage value at the end of the investment's life.
\table[[,Initial Cost,Annual Net After-Tax,Annual],[Year,and Book Value,Cash Flows,Net Income],[0,$210,000,,],[1,140,000,$99,000,$29,000
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