An engineering consulting firm is considering purchasing a fully configured computer$-$ aided design $($CAD$)$ workstation for $$50,000.$ It is estimated that the workstation has a five$-$year useful life and can be depreciated as a five$-$year MACRS class. This would result in an expected additional revenue of $$35,000$ per year. Operating expenses for the workstation are estimated to be $$40$ per eight$-$hour workday, and maintenance will be performed under contract for $$8,000$ per year. It is assumed that the workstation will be used for $250$ working days per year. The workstation will have an estimated salvage value of $$5,000$ at the end of five years. The consulting firm's marginal tax rate is $40\%.$ Use this information to construct a project cash flow and answer the following questions.

Flag question: Question $33$

Question $332$ pts

What are the total operating expenses for the workstation per year?

Flag question: Question $34$

Question $342$ pts

Which of the following are considered expenses in this project? Select all that apply.

Group of answer choices

Investment cost of $$50,000$

Operating expenses

Additional revenue of $$35,000$

Maintenance cost of $$8,000$

Salvage value $$5,000$

Depreciation

Flag question: Question $35$

Question $352$ pts

What is the cost basis of the new system? Answer to the nearest integer.

Flag question: Question $36$

Question $362$ pts

What is the depreciation for the workstation in year $3?$ Answer to the nearest integer.

Flag question: Question $37$

Question $372$ pts

What is the depreciation in year $5?$ Answer to the nearest integer.

Flag question: Question $38$

Question $382$ pts

What is the taxable income in year $2?$ Answer to the nearest integer.

Flag question: Question $39$

Question $392$ pts

What would the income taxes be in year $2?$ Answer to the nearest integer

Flag question: Question $40$

Question $402$ pts

What is the net income in year $2?$ Answer to the nearest integer.

Flag question: Question $41$

Question $412$ pts

What is the book value of the workstation at the end of year $5?$ Answer to the nearest integer.

Flag question: Question $42$

Question $422$ pts

What is the tax in year $5?$ If it is a tax credit, make the value positive; if it is tax paid, make the value negative. Answer to the nearest integer.

Flag question: Question $43$

Question $432$ pts

What is the net cashflow in year $5?$ Answer to the nearest integer.