An asset in the five-year MACRS property class costs $150,000 and has a zero estimated salvage value after six years of use. The asset will generate annual revenues of $320,000 and will require $80,000 in annual labor and $50,000 in annual material expenses. There are no other revenues and expenses. Assume a tax rate of 40%. Click the icon to view the MACRS depreciation schedules. Click the icon to view the interest factors for discrete compounding when i = 12% per year. (a) Compute the after-tax cash flows over the project life. Fill in the table below. (Round to two decimal places.)

Year	BTCF ($)	Depreciation ($)	TI ($)	NI ($)	ATCF ($)
	(D)	(C)	(E) = (D) - (C)	(F) = (E) x 0.6	(G) = (F) + (C)
0					-1,50,000.00
1	1,90,000.00	30,000.00	1,60,000.00	96,000.00	1,26,000.00
2	1,90,000.00	48,000.00	1,42,000.00	85,200.00	1,33,200.00
3	1,90,000.00	28,800.00	1,61,200.00	96,720.00	1,25,520.00
4	1,90,000.00	17,280.00	1,72,720.00	1,03,632.00	1,20,912.00
5	1,90,000.00	17,280.00	1,72,720.00	1,03,632.00	1,20,912.00
6	1,90,000.00	8,640.00	1,81,360.00	1,08,816.00	1,17,456.00

(b) Compute the NPW at MARR=12%.