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Tacoma Teco Cart inc. le looking to purchace a new taco cart to expand operatione, at a cost of $109,000\$109,000. Tacome desires an Internal rate of return on this new cart of 11%11\% and estimates it will have a useful life of 55 yeare. Tacome usee the Present Value of an Annulity of $1\$1 table to determine an annulity factor of 3.69593.6959. Given these parameters, how much yearly cash flow would this taco cart need to produce?\newlinea.) $29,492.14\$29,492.14\newlineb.) $40,285.31\$40,285.31\newlinec) $21,800.00\$21,800.00\newlined) $35,639.20\$35,639.20

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Q. Tacoma Teco Cart inc. le looking to purchace a new taco cart to expand operatione, at a cost of $109,000\$109,000. Tacome desires an Internal rate of return on this new cart of 11%11\% and estimates it will have a useful life of 55 yeare. Tacome usee the Present Value of an Annulity of $1\$1 table to determine an annulity factor of 3.69593.6959. Given these parameters, how much yearly cash flow would this taco cart need to produce?\newlinea.) $29,492.14\$29,492.14\newlineb.) $40,285.31\$40,285.31\newlinec) $21,800.00\$21,800.00\newlined) $35,639.20\$35,639.20
  1. Identify Parameters: Identify the given parameters.\newlineCost of the new taco cart: $109,000\$109,000\newlineDesired Internal Rate of Return (IRR): 11%11\%\newlineUseful life of the cart: 55 years\newlineAnnuity factor from the Present Value of an Annuity table: 3.69593.6959
  2. Calculate Yearly Cash Flow: Use the annuity factor to calculate the yearly cash flow. The annuity factor represents the present value of $1\$1 per year for the number of years at the given interest rate. To find the yearly cash flow, we divide the cost of the taco cart by the annuity factor. Yearly cash flow = Cost of the taco cart / Annuity factor Yearly cash flow = $109,000/3.6959\$109,000 / 3.6959
  3. Perform Calculation: Perform the calculation to find the yearly cash flow.\newlineYearly cash flow = $109,000/3.6959\$109,000 / 3.6959\newlineYearly cash flow = $29,492.14\$29,492.14 (rounded to two decimal places)

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