1.)Consider Kornel kitchens. Kornel is considering a project to upgrade their computing infrastructure. the cost of the equipment is $350,000. They will also need to pay $15,000 to ship the systems to their location and pay an additional $50,000 to get the systems up and running. They hope to sell some old computers and aniticipate receiving $25,000 after-tax for the used equipment. If kornel depreciates the full cost of equipment using straight-line depreciation for five years with a salvage value of $0 at the end of the fifth year, what is the projects annual depreciation expense? assume the old computers are already full depreciated.

2.)Suppose the firm decides instead to depreciate the equipment using MACRS rates. The equipment falls unde the category of a five-year life asset. The MACRS depreciation rates over the next six years will be 20.%, 32%, 19.2%, 11.52%, 11.52% and 5.76%, respectively. what will the projects depreciation expense be in the third year if MACRS is used?

3.)Kornel's project is expected to generate net annual sales revenue of $5,000,000 at the end of each of the next six years. Operating costs, excluding depreciation, are expected to equal $3,000,000. Suppose the firm uses the straight line method to depreciate the equipment for five years and the firms marginal tax rate is 40%. what is the projects annual after tax profit for year 6?

4.Kornel's project is expected to generate net annual sales revenue of $5,000,000 at the end of each of the next six years. Operating costs, excluding depreciation, are expected to equal $3,000,000. Annual depreciation expense is $83,000 each year for Five years. If the firms marginal tax rate is 40%, what is the projects annual net cash flow for years 1 through 5. PLEASE SHOW ALL WORK AND FORMULAS NEED FOR EACH ANSWER, THANKS IN ADVANCE!