Can you solve with details and please add a note and formulas,thank you.

Question 1.

The economic life of the machine we purchased for 6,000,000 TL is 5 years, the depreciation method is linear, cost of capital is 20%, and the tax rate is 20%. The project (this machine) will have 0 TL salvage value after 5 years. We are informed that projected revenues for the next 5 years are 4,200,000 TL per year, variable costs are 25 percent of the projected revenue, projected fixed costs are 600,000 TL per year for the next 5 years.

Accordingly, calculate the amount of revenues from a point of accounting (10 points) and finance break-even analyses (10 points).

		Investment (Year 0)	Cash Flows in years 1-5 Projected	Accounting Break-Even	Financial Break - Even
Initial Investment
Revenues
Costs
	Variable Costs
	Fixed Costs
Depreciation
Pretax Profit
Tax (20%)
Profit After Tax
Cash Flow from Operations(CFFO)