Your firm needs a computerized machine tool lathe which costs $$80,000,$ will generate $$50,000$ requires $$12,000$ in net working capital for the project's life of $5$ years. After $5$ years, this machin machine falls into the MACRS $3-$year class life category. Assume a tax rate of $30\%$ and a discoun

Calculate the depreciation and tax expense for the project in year $1.($Round to nearest $dollar$)$

Deprecation

Tax Expense

$$ $$5,928$

$$13,222$

$$11,848$

$$11,446$

$$ $$26,664$

$$7\mathrm{.}001$