Winthrop Company has an opportunity to manufacture and sell a new product for a five year period. To pursue this opportunily, the company would need to purchase a plece of equipment for $165 , 000 . The equipment would have a useful life of five years and zero salvage value. It would be depreciated for financial reporting and tax purposes using the straight-line method. After careful.stucly. Winthrop estimated the following annual costs and revenues for the new product: The compary's tax rate is 30% and its after-tax cost of capital is 18% Required: 1. Calculate the annual income fax expense that will arise as ar result of this investment 2. Calculate the net present value of this livvesimeot opportunily: Note: Round your final answer to the nesrest whole dollar