WRONG QUESTION PLEASE DO NOT ANSWER

Abbott placed into service a flexible manufacturing cell costing $820,000 early this year for production of their analytical testing equipment. Gross income due to the cell is expected to be $770,000 with deductible expenses of $435,000. Depreciation is based on MACRS-GDS, and the cell is in the 7-year property class, calling for a depreciation percentage of 14.29%, or $117,178, in the 1st year. Half of the cell cost is financed at 11% with principal paid back in equal amounts over 5 years. The 1st year's interest is therefore $45,100, while the principal payment is $82,000. a. Determine the taxable income for the 1st year. $ b. Determine the tax paid due to the cell during the 1st year using a 40% marginal tax rate. $ C. Determine the after-tax cash flow for the 1st year. $