Delta Software is considering a new project that will last for 3 years and whose data are shown below. 0 The company would purchase equipment at $300,000 plus $20,000 for installation costs. The equipment is classied in the 3- year class and will be depreciated under MACRS (The percentages are 33.33%, 44.45%, 14.81%, and 7.41%, respectively). The company believes that at the end of the 3rd year, the equipment can be sold for $30,000. 0 Net working capital will increase immediately by $50,000 and be recovered at the end of the project. 0 Annual cash flow: Sales $250,000 Other operating costs $70,000 Interest expense $0 Tax rate 35% a. What is the depreciation expense for each year during the life of the project and the total? b. What is the equipment's after-tax net salvage value