6. Consider the project below and figure the after tax cash flows for each year of the project. 0 1 140,000 12,000 60,000 68,000 20,400 47,600 2 140,000 8,231 96,000 35,769 10,731 25,039 3 4 140,000 140,000 4,2350 57,600 17,280 78,165 23,449 54,715 Income Statement End of Year Savings Debt Interest Depreciation Taxable income Income Taxes Net Income Cash Flow Statement Net Income Depreciation Machine Salvage Value Gains Tax Borrowed Funds Principal Repayment Net Cash Flow 47,600 60,000 25,039 96,000 54,715 57,600 300,000 100,000 200,000 62,822