Work these problems relating to after$-$tax cash flow $($ATCF$)$ computations: $1.$ Compute the present value after$-$tax cost $($PVATC$)$ of a $$9,500,000$ purchase of equipment on January $1$ that your corporate client will depreciate using MACRS if the client$$s after$-$tax discount rate is $8\%.$ Assume that all tax savings occur at the end of the deduction year. Hint: carefully $$map out$$ when all the cash flows occur and discount as needed. Ignore bonus depreciation and $179$ deductions. $2.$ Same as #$1,$ except that your client can take $100\%$ bonus depreciation $($i$.$e$.,$ all in the year of purchase$)$ on the equipment. How much greater is the PVATC in #$1$ than in #$2?3.$ Misty will graduate from OU with a degree in accounting in May. She plans to take the Becker FASTPASS CPA review course during the summer and take the CPA exam in the latter part of the summer and early fall. Her hope is to pass each part of the CPA exam the first time she takes them and complete the exam before the end of this year. She will start work on September $1$ at $$Daloit$.$ If she passes the CPA exam before the end of the current year, Daloit will award her a $$6,000$ cash bonus. If she passes the CPA exam next year, Daloit will pay her a $$3,000$ cash bonus. After next year, the bonus is zero. Because she took ACCT $3400$ at OU$,$ she knows that she needs to consider the after$-$tax bonus that she gets to keep rather than focus on the before tax bonus paid by her employer. However, because it has now been a year and a half since she took the class, she needs your help in making these computations. Specifically, she wants to know how much more after$-$tax cash flow she will keep if she earns a $$4,000$ bonus this year when working only a partial year, versus only a $$2,000$ bonus next year when she works a full year $($the bonus is zero after that$).$ You can assume that Misty has a $15\%$ marginal tax rate this year and a $22\%$ marginal tax rate next year. Compute the net, after$-$tax cost of not passing the CPA exam in her first sitting $($i$.$e$.,$ if she passes the exam next year instead of this year$).$ The most straightforward way to approach this is to compute the ATCF from each $$option$$ and then compare the final results, Work the following problems at the end TCA chapter $3($the textbook chapter for Module $3)$: A$.30($a$)$ & $($b$),31($c$),42$ B$.$ For the following, there is no Excel file$$instead$,$ compute on a calculator or MS Excel: $38,39,43$