Project Section $4$: You are considering buying an industrial equipment whose price is given belowTable with your student ID$.$ The equipment is expected to earn an annual revenue of $$125,000.$ Theequipment will be depreciated under MACRS as a five$-$year recovery property. The equipment will beused for seven years, at the end of which time, you can sell it for $$50,000.$ Your companys marginal tax$($ Equipment price : $330000)$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.