[5] (40pts) Your mask production pilot requires purchase of a standalone, multi-purpose production cell that costs $250,000 plus another $75,000 for delivery, setup, and calibration. The production cell will be financed at 40% of the cost basis and paid off in two equal annual payments at 10% compounded annually. The production cell is expected to provide annual revenue of $1,000,000 for two years and is to be depreciated as a 3-year MACRS asset. This production cell will require annual O&M maintenance of $100,000 per year. The salvage value at the end of two years is expected to be $150,000. Assuming a marginal tax rate of 25% and a MARR of 15% find the following: (NB: answer parts a-e below) (a) Draw the before tax cash flow (BTCF) (b) Find the yearly depreciation, any annual interest payments, the taxable income for each year, and then calculate the yearly taxes (c) Identify any gain or loss from the salvage of the asset at the end of the 2nd year; calculate any additional taxes or credits for the 2nd year. (d) Draw the ATCF diagram (make clear the various cash flows) (e) Draw the net cash flow, find the PW(15%), and state your decision to invest or not