Question: Please help me solve the Aftertax cash flow using excel references/formulas. Thank you An asset used in a four-year project falls in the five-year MACRS

 Please help me solve the Aftertax cash flow using excel references/formulas.Thank you An asset used in a four-year project falls in the

Please help me solve the Aftertax cash flow using excel references/formulas. Thank you

An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $6,500,000 and will be sold for $1,600,000 at the end of the project. If the tax rate is 21 percent, what is the aftertax salvage value of the asset? Complete the following analysis. Do not hard code values in your calculations. Year 1 depreciation Year 2 depreciation Year 3 depreciation Year 4 depreciation Accumulated depreciation Book value Aftertax cash flow Pretax salvage value Taxes Aftertax salvage value $ 2,080,000 1,248,000 748,800$5,376,800 $1,123,200

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