The Ingersoll Engineering Company is considering the purchase of a gas flow meter. Its purchase price is $9.700 and another $500 will be spent shipping and installing this device. Use of the motor is expected to result in a $9.200 annual increase in revenue, and operating expenses are estimated to be $5,800 per year. The motor will be used for five years, and then it will be sold for an estimated market value of $2,900. The meter's MACRS property class is five years. Determine the after-tax IRR on this investment if the effective income tax rate () is 27%. If the after-tax MARR is 8%, should this gas flow meter be purchased, installed and utilized by the company? What is the payback period based on the after-tax cash flows? Click the icon to view the GOS Recovery Rates) Click the icon to view the interest and annuity table for discrete compounding when the MARR is 8% per year. The atter-tax IRR on the investment is % (Round to one decimal place) The gas flow meter should be purchased, installed and utilized by the company The simple payback period is years. (Round to one decimal place)