5) (40 points) A is considering purchasing new equipment that is expected to generate an additional company income of S50,000 annually. The equipment will have an initial cost of $75,000 and estimated annual operating and maintenance costs of $30,000. Its estimated salvage value at the end of its useful life of 4 years will be $15,000. The equipment is a MACRS-GDS 3-year property for calculating depreciation deductions. The effective tax rate is 40%. Use an after-tax MARR of 10% per year compounded annually. a) (30 points) For this investment, determine the after-tax cash flow for each year of operation. EOY BTCE MACRS-GDS xable Tax ATCE Deduction. income- b) (10 points) Based on the present worth measure, determine if the company should consider the purchase o this new equipment further