Question: 1 40 points Save Answer Seattle, Inc., is contemplating a project that costs $180,000. Expectations are that annual cash revenues will be $70,000 and annual

1 40 points Save Answer Seattle, Inc., is contemplating a project that costs $180,000. Expectations are that annual cash revenues will be $70,000 and annual expenses (including depreciation) will total $30,000. The project has a six-year useful life and a residual value of $30,000. Assume Seattle Inc. uses straight line method of depreciation and requires 12% minimum rate of return and a maximum payback of 3 years. Note: PV of annuity (12% and 6 years): 4.11 and PV of $1 (12% and 6th year):0.51 Calculate the project's a) payback period b) ARR c) NPV. Show your workings. Comment on the results. TTT Arial 3 (12pt) T ABC

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