Refer to Example 6-10. Work this problem on an after-tax basis when the MARR is 12% per

Question:

Refer to Example 6-10. Work this problem on an after-tax basis when the is 12% per year. The effective income tax rate is 40%, and MACRS depreciation is appropriate with a property class of five years. Recall that the market values of Ml and M2 are zero at the end of years five and eight, respectively.
MARR
Minimum Acceptable Rate of Return (MARR), or hurdle rate is the minimum rate of return on a project a manager or company is willing to accept before starting a project, given its risk and the opportunity cost of forgoing other...