a. What is the present value of a 3-year annuity of $120 If the discount rate is 7%? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Present value b. What is the present value of the annulty in (a) if you have to wait an additional year for the first payment? (Do not round Intermediate calculations. Round your final answer to 2 decimal places.) Procent value 9:06 PM 12/3/2020 19 O e to search Talia's Tutus bought a new sewing machine for $55,000 that will be depreciated over 5 years using double declining balance depreciation with a switch to straight-line. Required: a. Find the depreciation charge each year. b. If the sewing machine is sold after 3 years for $25,000, what will be the after-tax proceeds on the sale of the firm's tax bracket is 35%? Complete this question by entering your answers in the tabs below. Required A Required B Find the depreciation charge each year. Year Depreciation 1 2 3 4 5 Pecited Required B > Talia's Tutus bought a new sewing machine for $55,000 that will be depreciated over 5 years using double declining balance depreciation with a switch to straight-line. Required: a. Find the depreciation charge each year. b. If the sewing machine is sold after 3 years for $25,000, what will be the after-tax proceeds on the sale of the firm's tax bracket is 35%? Complete this question by entering your answers in the tabs below. Required A Required B Find the depreciation charge each year. Year Depreciation 1 2 3 4 5 Pecited Required B > Talla's Tutus bought a new sewing machine for $55,000 that will be depreciated over 5 years using double-declining-balance depreciation with a switch to straight-line. Required: a. Find the depreciation charge each year. b. If the sewing machine is sold after 3 years for $25,000, what will be the after-tax proceeds on the sale if the firm's tax bracket is 35%? Complete this question by entering your answers in the tabs below. Required A Required B if the sewing machine is sold after 3 years for $25,000, what will be the after-tax proceeds on the sale if the firm's tax bracket is 35% After-tax proceeds