After 4 years of use, procter and gamble has decided to replace capital equipment used on its zest bath soap line. Cash flow data is tabulated in $1000 units and MACRS 3 year depreciation was used. After tax MARR is 10% per year and Te is 35% in the US. Utilize the CFAT and AW value to determine if the investments cash flows over 4 years exceeded MARR. (please show your work and use excel)

Year	0	1	2	3	4
Purchase $	-1900
Gross Income$		800	950	600	300
Expenses $		-100	-150	-200	-250
Salvage $					700