Reconsider Problem 45 exactly as written.

a. Determine the actual after-tax cash flows for each year.

b. Determine the PW of the after-tax cash flows.

c. Determine the AW of the after-tax cash flows.

d. Determine the FW of the after-tax cash flows.

e. Determine the combined IRR of the after-tax cash flows.

f. Determine the combined ERR of the after-tax cash flows.

g. Determine the real IRR of the after-tax cash flows.

h. Determine the real ERR of the after-tax cash flows.

Data from problem 45

Henredon purchases a high-precision programmable router for shaping furniture components for \($190,000.\) It is expected to last 12 years and have a salvage value of \($5,000.\) It will produce \($45,000\) in net revenue each year during its life. All dollar amounts are expressed in actual dollars. Depreciation follows MACRS 7-year property, taxes are 40 percent, the actual after-tax MARR is 14.62 percent, and inflation is 4.2 percent.