An automobile$-$manufacturing company is considering purchasing an industrial robot to do spot welding, which is currently done by skilled labor. The initial cost of the robot is $$225000,$ and the annual labor savings are projected to be$$125000.$ If purchased, the robot will be depreciated under MACRS as a five$-$year recovery property. The robot will be used for seven years, at the end of which time, the firm expects to sell it for $$50,000.$ The companys marginal tax rate is$35\%$ over the project period. Perform the following:a$)$ Determine the net after$-$tax cash flows for each period over the project life.b$)$ Annual equivalent cash flow company MARR $=15\%.$C$)$ Net present worth assuming company MARR$=15\%.$D$)$ IRR of the project.