% Problem 7-23 (algorithmic) Question Help An injection molding machine can be purchased and installed for $120,000. It is in the seven-year GOS property class and is expected to be kept in service for eight years. It is believed that $11,000 can be obtained when the machine is disposed of at the end of year eight. The net annual value added (e. revenues less expenses) that can be attributed to this machine is constant over eight years and amounts to $16.000. An effective income tax rate of 26% is used by the company, and the after-tax MARR equals 10% per year. Click the icon to view the GDS Recovery Rates (q) for the 7-year property class. a. What is the approximate value of the company's before-tax MARR? The before-tax MARR is 13.5 %. (Round to the nearest whole number.) b. Determine the GDS depreciation amounts in years one through eight. (Round to the nearest dollar) Year Depreciation, $ 1 17.148 2 29,388 3 20,988 4 14,988 5 10.716 6 10.704 7 10.716 5,352 c. What is the taxable income at the end of year eight that is related to capital investment? The taxable income at the end of year eight is $ 11,000 (Round to the nearest dollar) d. Set up a table and calculate the ATCF for this machine. (Round to the nearest dollar) EOY BTCFS Depreciation, $ TIS 0 - 120.000 16.000 17.148 -1.148 T[20%). ATCE, - 120.000 16.298 PW/10%). - 120.000 13.359 298 Enter your answer in the edit fields and then click Check