(25 Pts.) 3. A corporation purchased an asset for $550,000. MACRS depreciation was charged over a 5-year recovery period. The effective Tax Rate of 35% was applied. The market interest rate was 5%/year. a. Complete the table for the values in the last 5 columns. b. Draw two CFDs, one for the CFBT and the other for the CFAT. c. Compute the Net Present Worth for both the CFBT and CFAT. d. Determine the percent amount of cash flow NOT lost to taxes. Year Expenses CFBT Taxes CFAT First Cost Salvage -550,000 Gross Income MACRS Depreciation Taxable Income 200,000 200,000 200,000 200,000 200,000 200,000 -90,000 -90,000 -90,000 -90,000 -90,000 -90,000 150,000