Problem $10-17$A Applying the net present value approach with and without tax considerations

Antonio Melton, the chief executive officer of Melton Corporation, has assembled his top advisers to evaluate an investment opportunity. The advisers expect the company to pay $$500,000$ cash at the beginning of the investment and the cash inflow for each of the following four years to be the following. Note that the annual cash inflows below are net of tax.

$\backslash$table$[[$Year $1,$Year $2,$Year $3,$Year $4],[$$$105,000,$$$120,000,$$$150,000,$$$225,000$