An asset has a depreciable life of 5 years and a first cost of $50,000. Salvage value is $10,000. (Remember that the half-year convention does not apply for the following methods.) a) Calculate the annual straight line (SL) depreciation AND fill in blanks of table. D = (B-S) Year First Cost Depreciation (SL) Book Value b) Fill in blanks using double declining balance (DDB) (.e. d = 2) method of depreciation D = d'BV1-1 (Remember to account for $10.000 salvage value.) Year First Cost Depreciation (DDB) Book Value c) Determine PW of CFAT using the DDB depreciation values from part b). Calculate using a 40% tax rate and MARR of 10%. Assume no effect of inflation. Year NCFS Salvage Depreciation CFBT Taxable Income Taxes CFAT PW CFAT of O 1 -50,000 10,000 15,000 20,000 25,000 20,000 10,000 Sum of PW d) At MARR = 10%, is this project economically justifiable after tax and depreciation are accounted for? *BE SURE TO SHOW ALL OF YOUR WORK IN ORDER TO RECEIVE FULL CREDIT