A high precision programmable router for shaping furniture components is purchased by Henredon for $140000. It is expected to last 12 years and have a salvage value of $15000. It is considered a MACRS 7 year property. It will produce $72000 in net revenue each year during its life. Corporate income taxes are 0.33 and the after-tax MARR is 0.17%. What is the Taxable Income for year 1? Your Answer: A high precision programmable router for shaping furniture components is purchased by Henredon for $255000. It is expected to last 12 years and have a salvage value of $12000. It is considered a MACRS 7 year property. It will produce $59000 in net revenue each year during its life. Corporate income taxes are 0.39 and the after-tax MARR is 0.12%. What is the ATCF for year 2