Question 31 points Colors and More is considering replacing the equipment it uses to produce crayons. The equipment would cost $1.37 million, have a 12-year life, and lower manufacturing costs by an estimated 14.000 The equipment will be depreciated using straight-line depreciation to a book value of zero. The required rate of return is 15 percent and the tax rate is 35 percent. What is the net income from the proposed project? $18,508.75 $136.709.49 $123.391.67 540.211.24 566,441.67 > A Moving to another question will save this response Question 32 You are scheduled to receive annual payments of $9,900 for each of the next 27 years. The discount rate is 7.0 percent. What is the difference in the present you to the of each year rather than at the end of each year? 9,900.00 9.480.74 10,593.00 8.729.52 8,306.79 Moving to another question will save this response