Biotech, a medical imaging company has initiated a project that involves providing services for three years to the National Hockey League (NHL) studying the bone density of hockey players. Prior to this project, Biotech had a ten year contract with the NHL for the provision of the same services. During the ten contract period, Biotech used a cell analysis system. For the new three year contract, Biotech will trade in the old system and replace it with the new system. Estimates of the project summarized in the following table. Heading 2 Paragraph Title Styles Project 9,000 6,500 Description Old ten year contract Trade-in allowances Book value, UCCNS New three year contract Purchased Price of Systems, Installation costs of Systems S Annual Operating expenses, Annual Gross Revenues. S CCA Class 8, CCA rate Income Tax Rate Capital Gains Tax Rate, teo Asset Useful Life. years Estimated Salvage Value SNS 1 165,000 12.500 22,500 139,000 15% 30% 20% 3 120,000 a) Produce the Net Income Statement for the project (15 Marks). b) Produce the Net Cash Flow Statement (5 marks) c) Compute the disposal tax effect, G. (Show you calculations in detail) (5 Marks) d) Calculate the total taxes that also include the asset disposal tax (5 marks) BE English United State o to search RI