VI. (17 points)-SH MC Inc is considering a proposal to invest $210,000 in new producti straight-line basis (7-year life, no salvage value). Depreciation expense is inc The projected annual revenues and costs of the new product that will be produced from the equipment are: ion equipment which will be depreciated on a included in Manufacturing costs. $236,000 Sales Less costs and expenses Manufacturing costs Selling and administrative $145,000 55,000 200,000 36,000 Income before income taxes Income tax expense Net income 18,000 S18.000 Present Value of an Annuity of $1.00 Table 8% | 9% | 10% | 11% 3.9927 3.8897 3.7908 3.6959 3.6048 3.3522 3.1272 2.9906 12.7454 5.2064 5.0330 4.8684 4.7122 4.5638 4.1604 3.8115 3.6046 3.2423 Periods (n) 5.7590 5.5371 5.3283 4.7716 4.3030 Instructions (a) Compute the annual rate of return. (b) Compute the cash payback period (c) Compute the net present value assuming a 10 required rate of return. (d) Determine the estimated internal rate of return