$.$ A company invests in specialized computer equipment for $$50,000,$ which falls under the $5-$

year MACRS class. The equipment has a useful life of $6$ years and an estimated salvage value

of $$5,000.$ The equipment provides an annual benefit of $$17,000.$ Calculate the before$-$tax

cash flow, annual MACRS depreciation expense, taxable income, yearly taxes, and after$-$tax

cash flow using the $5-$year MACRS depreciation method in a state with a $6\%$ income tax rate.