A regional energy company is considering the purchase of petroleum refining assets that will improve both efficiencies and quality through variation reduction and improved ability to hit desired set points. The cost of the assets will be $295,000, and be used over a 12 -year horizon. Improvements are estimated to be worth a net increase of $56,100 per year and there will be no salvage value of the equipment. This is MACRS-GDS 10-Year Property. The company is also considering assets for improved oil and gas well drilling, using more reliable equipment, automation, and monitoring. These enhancements would cost $283,200, provide a net income of $52,200 per year, and have a salvage value of $31,700 at the end of a 12-year horizon. This is MACRS-GDS 5-Year Property. The company has a tax rate of 25% and an after-tax MARR of 10%. They do not want to make both investments in the same year. Part a Find the before- and after-tax PW, FW, AW, IRR, and ERR of the petroleum refining assets. Click here to access the MACRS-GDS Property Classes. Click here to access the MACRS-GDS percentages page. Click here to access the MACRS-GDS percentages for 27.5-year residential rental property. Click here to access the TVM Factor Table calculator. Carry all interim calculations to 5 decimal places and then round your final answers for PW, FW, and AW to a whole number. Round your final answers for IRR and ERR to 3 decimal places. The tolerance for PW, FW, and AW is 200 and the tolerance for IRR and ERR is 0.025. A regional energy company is considering the purchase of petroleum refining assets that will improve both efficiencies and quality through variation reduction and improved ability to hit desired set points. The cost of the assets will be $295,000, and be used over a 12 -year horizon. Improvements are estimated to be worth a net increase of $56,100 per year and there will be no salvage value of the equipment. This is MACRS-GDS 10-Year Property. The company is also considering assets for improved oil and gas well drilling, using more reliable equipment, automation, and monitoring. These enhancements would cost $283,200, provide a net income of $52,200 per year, and have a salvage value of $31,700 at the end of a 12-year horizon. This is MACRS-GDS 5-Year Property. The company has a tax rate of 25% and an after-tax MARR of 10%. They do not want to make both investments in the same year. Part a Find the before- and after-tax PW, FW, AW, IRR, and ERR of the petroleum refining assets. Click here to access the MACRS-GDS Property Classes. Click here to access the MACRS-GDS percentages page. Click here to access the MACRS-GDS percentages for 27.5-year residential rental property. Click here to access the TVM Factor Table calculator. Carry all interim calculations to 5 decimal places and then round your final answers for PW, FW, and AW to a whole number. Round your final answers for IRR and ERR to 3 decimal places. The tolerance for PW, FW, and AW is 200 and the tolerance for IRR and ERR is 0.025