4. 13.59 The after-tax analysis for a $60,000 investment with associated GI − E is shown for the first 2 years only. If the effective tax rate is 24%, the value for taxable income (TI) for year 1 is closest to: 1. $11,750 2. $16,670 3. $27,750 4. $36,742 Table Summary: Table divided into six columns compares internet plans based on average cost. The column headers are marked from left to right as: year; investment GI minus ED; TI; taxes; and CFAT. Year Investment GI − E TI Taxes CFAT 0 −60,000 −60,000 1 30,000 ? 26,000 2 35,000 15,000 3600 31,400 Page 423