Canadian Wilderness Company (CWC) bought a machine that is expected to generate $25,000 in operating income before depreciation expenses each year. The machine, which has a depreciative basis equal to $600,000 falls into the MACRS 3-year class. What will be CWCs (a) after-tax operating income and (b) operating cash flow for both this year (Year 1) and three years from now (Year 3)? Assume that all sales and operating expenses, except depreciation, are cash, CWCs marginal tax rate is 40 percent?