Question: Hello I need the step by step solution to solving this problem in excel. please. thank you so much!!! A proposed cost-saving device has an

Hello I need the step by step solution to solving this problem in excel. please. thank you so much!!!

A proposed cost-saving device has an installed cost of $650,000. The device will be used in a ve-year project but is classified as three-year MACRS property for tax purposes. The required initial net working capital investment is $60,000, the marginal tax rate is 21 percent, and the project discount rate is 10 percent. The device has an estimated Year 5 salvage value of $53,000. What level of pretax cost savings do we require for this project to be protable? MACRS schedule. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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2. Find out if there are other reference points that can be used as reasonable alternatives.

1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.