2) A project utilizing CNCs provides a revenue $20,000 increasing at $5,000 per year during a four (4)-year investment period. The machine to be used on the pro (income) of and an expected life of 4 years. The salvage value at the end of 4 years is $4,000. Out-of-pocket expenses are $10,000 for the first year and increases arithmetically at $1,000/yr thereafter, and depreciation deduction for income tax purposes are taken using a Sum of the Years Digit Depreciation method. Compute the before tax cash flow attractiveness of this project using the Net Present Worth Method. Note that Before Tax Cash flow is Net Income-Expenses- Depreciation. You are not the atter tax cash flow Rate of Return, nor the after-tax Present Value for the project, but be aware that tax consequences usually applies and the tax rate is 40 required, in the problem, to evaluate To evaluate the before tax project attractiveness, assumea minimum attractive rate of return (MARR) of 123. Granted this MARR, would you recommend the project on the before tax, as opposed to the after tax cash flow valuation basis ? Yr Revenue Expenses Net Deprec Taxable | Taxes | Net After Income Taxes after Cash Taxes Flow 5 IncomeB ation Income Before Taxes