Calculate the Tax Analysis of the following situation. A company buys equipment for production and exploration of petroleum and natural gas for 20,000,000. It will generate a before tax revenue of 10, 400,000 per year with yearly maintenance expenses of 400,000. The company plans to keep the equipment for at least 20 years. With an effective tax rate of 40% and using MACRS - GDS depreciation show yearly before tax net revenue, depreciation, taxable income, taxes paid and after tax cash flow. Calculate this for 10 years. In addition, using I = 6% calculate the Present Worth of this system after taxes using the first five years only. (It may take longer than 5 years for the system to pay for itself, so the answer might be negative.)