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E AutoSum - Wrap Text General Normal Bad Fill Sort Merge & Center $ Conditional Format Good Neutral Insert Delete Format Formatting - as Table Ciear ~ Filte Alignment Number Cells Editing A B C D E G H 7 Question 11a A flour mill is considering buying a new jumbo sifter, which would have an installed cost of $80,000. The new one would replace the existing sifter that was purchased 3 years ago at an installed cost of $60,000. If the company $42,600 moves forward with the replacement, it could sell the old sifter for $19,000. Question 11b The company uses the 5-year MACRS table for depreciation and is taxed at 21%. MACRS 5-Yr Property Percentages a) What is the accumulated depreciation of the old sifter? Year 1 20% $17,400 ) What is the current book value of the old sifter? Year 2 32% Question 11c c) What is the amount of depreciation recapture/recovery? Year 3 19% Year 4 12% $1,600 Year 5 12% Question 11d d) What is the tax on the sale of the old sifter? Year 6 5% $336 40 00 Question 1le e) What are the after-tax proceeds from the sale of the old sifter? 10 $18,664 IN Question 11f f) What is the initial investment for the project? $61,336 6 points * **Not for distribution or sharing outside of this course* * 98 End of Document 00 Directions Questions to Complete