PLEASE ANSWER BOTH

D Question 4 1 pts An asset used in a 4-year project falls in the 5-year MACRS class (refer to MACRS table on page 277), for tax purposes. The asset has an acquisition cost of $21,495,550 and will be sold for $5,908,660 at the end of the project. If the tax rate is 0.38, what is the aftertax salvage value of the asset (SVNOT)? 1 pts Question 5 Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company bought some land 12 years ago for $4,240,121 in anticipation of using it as a warehouse and distribution site, but the company has since decided to rent these facilities from a competitor instead. If the land were sold today, the company would net $3,098,714. An engineer was hired to study the land at a cost of $588,711, and her conclusion was that the land can support the new manufacturing facility. The company wants to build its new manufacturing plant on this land; the plant will cost $5,077.425 million to build, and the site requires $1,020,897 worth of grading before it is suitable for construction. What is the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project