Project Section $2$: You are considering buying an industrial equipment whose price is given below Table with your student ID$(535000).$ The equipment is expected to earn an annual revenue of $$200,000.$ The equipment will be depreciated under MACRS as a five$-$year recovery property. The equipment will be used for seven years, at the end of which time, you can sell it for $$50,000.$ Your company's marginal tax rate is $35\%$ over the project period. Perform the following:

a$)$ Determine the net after$-$tax cash flows for each period over the project life.

b$)$ Net present worth assuming company MARR $=15\%.$

c$)$ Annual equivalent cash flow company MARR $=15\%.$

d$)$ IRR of the project.