**Please show work, thanks!**

1. A manufacturing project to install an assembly staking station requires an initial investment of $500,000. The station's salvage value is $0 at the end of its 5-year life. For 6 years, annual gross income attributed to the project will be $200,000 with annual operating expenses of $50,000. (a) Use MACRS depreciation with a 5-year recovery period to find the project's after-tax cash flows for years 1-6 if the project's effective tax rate is 20%. Set up and fill out a CFAT analysis table using the suggested economic analysis column headings below. (b) Find the total present worth of the after-tax cash flows for years 1-6 if pre-tax MARR is 10%. Year |GI, $ E, $ P and S, $ D, $ TI, $ Taxes, $ CFAT, $ O 1 2 3 4 5 6 6