4. Tiger construction company has purchased a machine at the cost of $35,000. The machine is expected to provide annual saving of $50,000 for two years and is to be depreciated by the MACRS three-year recovery period. This machine will require annual operating and maintenance costs in the amount of $15,000. The salvage value at the end of two years is expected to be $8,000. a) Assuming a marginal tax rate of 30% and MARR of 10%, fill in the table below. (18 points) End of Year Income Statement (10 points) Revenue Expenses Depreciation Taxable Income Taxes (30%) Net Income Cash Flow Statement (10 points) Net Income Depreciation Capital Expenditure Salvage Value Gains Tax / Credit Net After Tax Cash Flow 0 1 2 b) Assume MARR of 8%, calculate NPV of the project. (2 points)