can you please not use excel and explain the details the best you can please.

09.03-PR007 A company purchases a machine for $800,000. The equipment qualifies as 5-year property for MACRS-GDS depreciation. The machine is paid for by borrowing $500,000, to be repaid over a 5-year period at an annual compound interest rate of 12%. Before-tax cash flows are as shown on the next page, including a $200,000 salvage value after 5 years. The income tax rate is 25%. An MARRAT of 10% applies. EOY BTCF 0 $800,000 1 100,000 2 200,000 3 300,000 4 400,000 5 700,000 Determine the PW of the ATCFs using: a. Loan payment Plan 2. b. Loan payment Plan 4. c. State which of the two loan payment plans is preferred, and explain why it is preferred in terms of the relationship between the loan rate and the MARRAT: 09.03-PR007 A company purchases a machine for $800,000. The equipment qualifies as 5-year property for MACRS-GDS depreciation. The machine is paid for by borrowing $500,000, to be repaid over a 5-year period at an annual compound interest rate of 12%. Before-tax cash flows are as shown on the next page, including a $200,000 salvage value after 5 years. The income tax rate is 25%. An MARRAT of 10% applies. EOY BTCF 0 $800,000 1 100,000 2 200,000 3 300,000 4 400,000 5 700,000 Determine the PW of the ATCFs using: a. Loan payment Plan 2. b. Loan payment Plan 4. c. State which of the two loan payment plans is preferred, and explain why it is preferred in terms of the relationship between the loan rate and the MARRAT