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The Ingersoll Engineering Company is considering the purchase of a gas flow meter. Its puchase price is $10,000 and another $450 will be spent shipping and installing this device. Use of the meter is expected to result in a 9,550 annual increase in revenue, and operating expenses are estimated to be 54,800 per year The meter will be used for fivg years, and then it will be sold for an estimated market value of $2,400 The meters MACRSproperty class is five years Determine the after-tax IRR on this investment the effective income tax rate t s 21 e Bfter a M R is 11%, should this gas flow meter be purchased installed and utilized by the company? What s he payback perlod based on the after-tax cash flows? Click the licon to view the GDS Recovery Rates ) Click the icon to view the interest and annuity table for discrete compounding when the MARR is 1 1% per year The after-tax IRR on the investment is 31.6%. Round to one decimal place.) The gas flow meter should be purchased, installad and utilized by the company The simple payback period is 24 years. (Round to one decimal place) Mare Info Single Payment Uniform Series Sinking Capital Fund Recoery Factor Worth Factor Factor Worth Factor Factor More Into To Find F To Find P Given F To Find Given A Find A To Find A Given P Given P Given A GDS Recovery Rates (r) for the Six Personal Property Classers 0.9009 0 4739 0.2992 0.2123 0.1606 0.1264 ry Period (and Property Class) 0.5839 1.3676 Year 3-year5-yer -year10-year 5-year20yearb 0.0375 3.3421 4.7097 0.6587 0.5935 0.5346 3.1024 0.2000 0.3200 0.1920 0.3223 0.2706 0.2364 0.3333 0.4445 0.1481 0.0741 0.0500 0.0950 0.0355 0.0770 0.0693 0.0623 0.1000 0.1900 0.1440 1.6851 18704 .9129 0.0660 0.1249 2 3045 2 5580 2 8394 0.4339 11.8594 14.1640 6.7220 0.1943 0.0571 5.5370 5.8892 0.0706 0.0598 0.0576 0.3522 0.1698 0.0655 0.0655 0.0656 0.0655 0.0489 0.0452 0.0447 0.0447 0.0591 Print Done 0.0591