a. after tax net income

b. after tax net cash flow

c.determine the payback period for this investment and explain what it means

d.determine the accounting rate of return and explain what it means

Textile Services, Inc., plans to invest $75,000 in a new machine with a $2,000 salvage value and 5 year useful life. Annual cash inflows from this investment will be $30,000, and annual cash outflows will be $5,000. Calculate the following (Textile Services has a 30% tax rate): a. After-tax Net Income b. After-tax Net Cash Flow c. Determine the payback period for this investment and explain what it means. d. Determine the accounting rate of return and explain what it means