Taxes = 35%

b) In the design of a chemical plant, the following expenditures and revenues are estimated after the plant has achieved its desired production rate: Total capital investment $10,000,000 Working capital $ 1,000,000 Annual sales $8.000.000/yr Annual expenditures $2,000,000/yr Assuming straight-line depreciation over a 10-year project analysis period, determine i) The return on the investment after taxes ii) The payback period