Problem 24-3A Computation of cash flows and net present values with alternative depreciation methods LO P3 The following information applies to the questions displayed below.,] Manning Corporation is considering a new project requiring a $100,000 investment in test equipment with no salvage value. The project would produce $72,000 of pretax income before depreciation at the end of each of the next six years. The company's income tax rate is 38%. In compiling its tax return and computing its income tax payments, the company can choose between the two alternative depreciation schedules shown in the table. (FV of $1, PV of $1, FVA of $1 and PVA of $1) (Use MACRS) (Use appropriate factor(s) from the tables provided.) Straight-Line MACRS Year 2 Year 3 Year 4 20000 20000 20000 s 20000 32.000 19.200 11,520 10,000 5,760 Totels $100000 100.000