8. Firm X has the opportunity to invest $200,000 in a new venture. The projected cash flows from the venture are as follows: Firm X uses an 8 percent discount rate to compute NPV, and its marginal tax rate over the life of the venture will be 35 percent. Determine if Firm X should make the investment, assuming that a. The revenues are taxable income, and the expenses are deductible. b. The revenues are taxable income, but the expenses are nondeductible