1. A project requires an initial investment of $200,000 which is used to purchase an asset with a class life of 3 years under MACRS (GDS). The project runs for 4 years, and the asset is sold for $50,000 at the end of year 4. The project generates profits of $80,000 per year. Assuming that MACRS (GDS) depreciation is used with the half year convention. The federal tax rate is 21% and the state tax rate is 10%. Round all results to whole dollars. You may have losses in some years, which result in a tax payment to you (more likely reduced taxes elsewhere in the company). a. (40) Create a table that includes the depreciation, book value and after tax cash flow. (your table may have other data beyond these three). (10) Find and compare the present worth of the Before Tax Cash Flow and the present worth of the After Tax Cash Flow if the MARR is 10%