A surface grinder is purchased for $30,000 at EOYO. The machine is expected to have a 5-year life and no salvage value. The machine produces $12,000 in revenue during each year of operation (i.e., from EOY 1 through EOY 5). MARR is 12% and the tax rate is 21% a) Create a table showing the before-tax cash flow, depreciation, book value, taxable income, tax, and after-tax cash flow for each year (i.e., from EOY O through EOY 5). Use straight-line depreciation. Using the present worth method applied to the after-tax cash flow, is this investment acceptable? b) Repeat (a) using double declining balance depreciation. c) Repeat (a) using double declining balance switching to straight-line depreciation. d) Repeat (a) using sum-of-years-digits depreciation. e) Which depreciation method gives the largest present worth? Which gives the smallest present worth? A surface grinder is purchased for $30,000 at EOYO. The machine is expected to have a 5-year life and no salvage value. The machine produces $12,000 in revenue during each year of operation (i.e., from EOY 1 through EOY 5). MARR is 12% and the tax rate is 21% a) Create a table showing the before-tax cash flow, depreciation, book value, taxable income, tax, and after-tax cash flow for each year (i.e., from EOY O through EOY 5). Use straight-line depreciation. Using the present worth method applied to the after-tax cash flow, is this investment acceptable? b) Repeat (a) using double declining balance depreciation. c) Repeat (a) using double declining balance switching to straight-line depreciation. d) Repeat (a) using sum-of-years-digits depreciation. e) Which depreciation method gives the largest present worth? Which gives the smallest present worth