2. Consider the following proposed capital investment in an engineering project and determine its Year-by-year After Tax Cash Flow (ATCF) and determine the after-tax PW equivalent. Draw a cash flow diagram with ATCF data.

Equivalen Proposed capital investment $100,00 Net revenue per year= $30,000 at first year and increased by $5,000 every year thereafter Depreciation method = GDS Recovery Period = 3 years Effective income tax rate (t) = 50% Before-tax MARR (1) = 20% per year