6. (40 points) Mountaineer Inc. has purchased equipment for $400,000. Assume a federal tax of 34%, state tax of 6.07% per year. They will use GDS MACRS depreciation with a 5-year recovery period. It plans to use the equipment for 2 years and then sell them at a market value of $200000. The company expects to realize net revenue of $180,000 each year during the next 2 years. They use an after tax MARR of 10% per year. a) Calculate the total effective tax rate (round to nearest %) b) Show the before tax cash flow (in chart below) c) Calculate each year's depreciation deduction here and then show in chart below. d) Calculate each year's taxable income including capital gain (or loss) from sale of the asset (show in chart below). e) Calculate each year's cash flow for income taxes (show in chart below). Calculate each year's After Tax Cash Flow (ATCF) (show in chart below). ATCF Cost Basis Present Worth BTCF Macrs GDS factors Deprecl Taxable at. Income Deducti on Cash flow for income taxes R 9) Calculate Present Worth h) Is this a good investment