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Bryan Inc. is considering a proposal to invest $210,000 in new production equipment which will...

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Bryan Inc. is considering a proposal to invest $210,000 in new production equipment which will be depreciated on a straight-line basis (7-year life, no salvage value). Depreciation expense is included in Manufacturing costs. The projected annual revenues and costs of the new product that will be produced from the equipment are: $236,000 Sales Less costs and expenses: Manufacturing costs Selling and administrative Income before income taxes Income tax expense Net income $145,000 55,000 200,000 36,000 18.000 $18.000 Periods (n) Present Value of an Annuity of $1.00 Table 8% 9% 10% 11% 12% 15% 18% 20% 24% 2.5771 2.5313 2.4869 2.4437 2.4018 2.2832 2.1743 2.1065 1.9813 3.3121 3.2397 3.1699 3.1025 3.0374 2.8550 2.6901 2.5887 | 2.4043 3.99273.88973.7908 3.6959 3.60483.3522 3.1272 2.9906 2.7454 | 4.62294.48594.3553 4.2305 4.1114 3.7845 3.4976 3.3255 3.0205 5.2064 5.03304 .8684 4.71224 .5638 4.1604 3.8115 3.60463.2423 5.74665.5348 5.3349 5.1461 4.9676 4.4873 4.0776 3.8372 3.4212 6.2469 5.9953 5.7590 5.5371 5.3283 4.7716 4.3030 4.03103.5655 7 Instructions: (a) Determine the estimated internal rate of return

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