As the owner of the FastGrass Landscaping Company, you are planning the purchase of new equipment to meet the increased demand for your services. The equipment under consideration would cost $500,000 and have an expected salvage value of $350,000 after 3 years. The new equipment is projected to generate annual revenues of $600,000 and have annual operating expenses of $200,000. Depreciate the equipment using the DB method {d=10%). The before-tax interest rate is 10%. The after-tax interest rate is 5%. A 50% tax rate applies to net income from operations and to the recapturing of depreciation. The half-year rule applies

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As the owner of the FastGrass Landscaping Company, you are planning the purchase of new equipment to meet the increased demand for your services The equipment under consideration would cost $500,000 and have an expected salvage value of $350,000 after 3 years. The new equipment is projected to generate annual revenues of $600,000 and have annual operating expenses of $200,000 Depreciate the equipment using the DB method (d=10%). The before-tax interest rate is 10% The after-tax interest rate is 5% A 50% tax rate applies to net income from operations and to the recapturing of depreciation The half-year rule applies The owner of Fast Grass Company must obtain a $250,000 loan (at a 10% rate of interest) which is repaid as follows. Repayment of loan at the end of year Percentage of loan repaid 2 25 35 40 End of Year Cash Flows 2 3 BB Item 1. Before-Tax Cash Flow 2. Annual Depreciation 3. Interest Expense 4. Taxable income 5. Taxes Payable 6. After-Tax Cash Flow 7. Interest Expense 8. Loan Repayment 9. Cash Flow on Owner Equity DD EE FF GG As the owner of the FastGrass Landscaping Company, you are planning the purchase of new equipment to meet the increased demand for your services The equipment under consideration would cost $500,000 and have an expected salvage value of $350,000 after 3 years. The new equipment is projected to generate annual revenues of $600,000 and have annual operating expenses of $200,000 Depreciate the equipment using the DB method (d=10%). The before-tax interest rate is 10% The after-tax interest rate is 5% A 50% tax rate applies to net income from operations and to the recapturing of depreciation The half-year rule applies The owner of Fast Grass Company must obtain a $250,000 loan (at a 10% rate of interest) which is repaid as follows. Repayment of loan at the end of year Percentage of loan repaid 2 25 35 40 End of Year Cash Flows 2 3 BB Item 1. Before-Tax Cash Flow 2. Annual Depreciation 3. Interest Expense 4. Taxable income 5. Taxes Payable 6. After-Tax Cash Flow 7. Interest Expense 8. Loan Repayment 9. Cash Flow on Owner Equity DD EE FF GG