Assume you have been hired to evaluate an investment required by EPA for a waste management system for a nearby cattle operation. The system will cost $300,000 and will last 25 years but only depreciated for 10 years. Assuming straight line depreciation, the salvage value is zero for depreciation. The actual expected terminal value is $40,000 which will be received in 25 years' time. The system has a $4,500 annual maintenance cost. The marginal tax rate is 25% and the after-tax cost of capital is 7.8%. The production of cattle will require feed at $20,500 per year and the operation will produce $55,500 in income each year. Prepare a net present cost budget for the capital investment in the space below. Use dollar signs and comma separators as appropriate. All answers should be rounded to two places to the right of the decimal. Discount o Factor Item Pre-Tax Flow After-tax Flow Years Present Value Waste System $300,000 $300,000 0 0.078 1.00 ($300,00.00) Depreciation Shield 1-10 0.078 Terminal Value 25 0.078 Maintenance Costs 1-25 0.078 NPV NPC Question 10 1 pts Using the information in the previous question regarding the $300,000 investment, what is the capital recovery factor? Round your answer to two places to the right of the decimal. Question 11 3 pts What is the annualized capital recovery cost in pre-tax terms for this $300,000 investment