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 approprlate factor(s) from the tables provlded.) MACRS S 10.000 20.000 32,000 20000 Year 5 Year 6 11,520 5.760 Totas $100,000 100000