Please study the case below and answer the following question Electronic Measurement and Control Company (EMCC) has developed a laser speed detector that emits infrared light invisible to human and radar detectors alike. For full-scale commercial marketing, EMCC needs to invest $5 million in new manufacturing facilities. The system is priced at $3000 per unit. The company expects to sell 5000 units annually over the next five users. The new manufacturing facilities will be depreciated according to a seven-year MACRS property class. The expected salvage value of the manufacturing facilities at the end of five years is $1.6 million. The manufacturing cost for the detector is $1200 per unit excluding depreciation expenses. The operating and maintenance costs are expected to run to $1.2 million per year. EMCC has a combined federal and state income-tax rate of 25%, and undertaking this project will not change this current marginal tax rate a. Calculate the incremental taxable income, income taxes and net income that would result from undertaking this new product for the next five years b. calculate the gains or losses associated with the disposal of the manufacturing facilities at the end of five years