A company that manufactures bieles has an opportunity to begin mufacturing a new higher and model, which additional features from the models they currently make. These feature would requite some new equipment to be purchsed. Because of the risk level involved in taking on a new product, management is trying to determine whether the retums will justify the risk. The individuals within the top tier of management that are evaluating the project, have determined 15% discount rate is appropriate for evaluation purposes. Management has asked you to prepare an anlaysis of the project giving the following information and assumptions ARE 1) The new equipment will have a cost of $358,000, a salvage value of $10,000 and a 10-year useful life. Straight line depreciation will be wed. 2) The projected revenues, costs, and results for each of the 10 years of this project are as follows: $315.000 Sales Less: Manufacturing costs Depreciation Shipping costs Administrative costs Income before income taxes Income tax expense Net income $190.000 34,800 17.000 15.000 256,800 58,200 23,280 $34,920 Instructions: Using the template beow, compute the annual rate of return compute the payback period, e compute the NPV using the determined 15% discount rate If this proposal acceptable using www.za compute the NPV using 12% discountmate so that Management has a comparison for analysis Let med