Your company is considering building a new process to produce a high value consumer product. The fixed capital investment required is $1,000,000, anticipated revenues are $250,000 per year, and the COM, is $25,000 per year. The salvage value is $25,000, and you'll use 9.5-year straightline deprecation with an income tax rate of 22%. The investment expenditure takes place during year 0, and the project operates during years 1 20. Salvage value is recovered during year 21. (A) Determine the payback period for the investment. (B) Determine the net present value of the investment using an interest rate of 10% per year. (C) Determine the annual interest rate that gives a present value of so, i.e., find the IRR. Your company is considering building a new process to produce a high value consumer product. The fixed capital investment required is $1,000,000, anticipated revenues are $250,000 per year, and the COM, is $25,000 per year. The salvage value is $25,000, and you'll use 9.5-year straightline deprecation with an income tax rate of 22%. The investment expenditure takes place during year 0, and the project operates during years 1 20. Salvage value is recovered during year 21. (A) Determine the payback period for the investment. (B) Determine the net present value of the investment using an interest rate of 10% per year. (C) Determine the annual interest rate that gives a present value of so, i.e., find the IRR