answer part c with steps please

Consider the financial data for a project given in the table below. $110,000 6 years Initial investment Project life Salvage value Annual revenue Annual expenses $9,000 $32,000 $6,000 (a) What is i for this project? = 124 % (Round to one decimal place) (b) If the annual expense increases at a 7% rate over the previous year's expenses, but the annual income is unchanged, what is the new i i? = 11.2% (Round to one decimal place.) obtained in part (a)? (c) In part (b), at what annual rate will the annual income have to increase to maintain the same i The annual income has to increase at % per year. (Round to one decimal place.) Consider the financial data for a project given in the table below. $110,000 6 years Initial investment Project life Salvage value Annual revenue Annual expenses $9,000 $32,000 $6,000 (a) What is i for this project? = 124 % (Round to one decimal place) (b) If the annual expense increases at a 7% rate over the previous year's expenses, but the annual income is unchanged, what is the new i i? = 11.2% (Round to one decimal place.) obtained in part (a)? (c) In part (b), at what annual rate will the annual income have to increase to maintain the same i The annual income has to increase at % per year. (Round to one decimal place.)