PLEASE SHOW STEPS IN EXCEL

Year 3-year | 0.333 0.445 0.148 0.074 5-year 0.2 0.32 0.192 0.115 0.115 0.058 7-year 0.143 0.245 0.175 0.125 0.089 0.089 0.089 0.045 10-year 0.1 0.18 0.144 0.115 0.092 0.074 0.066 0.066 0.065 0.065 0.033 Your company is evaluating a new project that will require the purchase of an asset for $100,000 installed. The asset will be depreciated using 5-year MACRS. The expected market value the end of 5 years is $2000. The applicable tax rate is 35%. (MACR depreciation table provided in worksheet) What is tax liability or (tax saving) from sale of the machine in 5 years is: (and indicate whether it is a tax liability or tax saving) (10 Points)