1) A new equipment costs $500,000, and depreciated according to the 5 year MACRS. Schedule. Assuming the equipment makes you earn 350,000 a year more, and increase the operating expenses by $100,000 annually. Assuming a federal applicable tax rate of 32%, and state flat tax rate of 5% and assuming that MACRS rate is 32%. calculate a. CFBT b. Taxable Income c. Taxes Due d. CFAT For the year 2