use MARR = 8%

7 years MACRS depreciation

3.An engineering design requires an investment of $750000, has no salvage value and a life of 7 years. Determine the internal rate of return and discounted payback period. Would you recommend this project? Yearly cash flows are: Income($K) 150,250,350,450,500,650,500 Cash expenses($K) 50,75,100,150,200,250,200 Redo on after tax basis using MACRS depreciation and a tax rate of 21%. Recommend it