Che Investor W has the opportunity to invest $800,000 in a new venture. The projected cash flows from the venture are as follows. Use Appendix A and Appendix B Year 2 Year 3 Year 0 Year 1 Year 4 Initial investment $(800,000) $ 95,000 (16,600) S 90,000 (16,600) Taxable revenue Deductible expenses 80,000 75,000 (19,100) 800,000 (19,100) Return of investment $ 78,400 S 73,400 $ 60,900 $(800,000) $855,900 Before-tax net cash flow Investor W uses a 7 percent discount rate. a-1. Complete the table below to calculate NPV. Assume her marginal tax rate over the life of the investment is 15 percent. a-2. Should Investor W make the investment? b-1. Complete the table below to calculate NPV. Assume her marginal tax rate over the life of the investment is 20 percent. b-2. Should Investor W make the investment? c-1. Complete the table below to calculate NPV. Assume her marginal tax rate in years 1 and 2 is 10 percent and in years 3 and 4 is 25 percent c-2. Should Investor W make the investment? Complete this question by entering your answers in the tabs below. Req A2 Req B1 Req A1 Reg B2 Req C1 Req C2 Complete the table below to calculate NPV. Assume her marginal tax rate over the life of the investment is 15 percent. (Cash outflows and negative amounts should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, intermediate calculations and final answers to the nearest whole dollar amount.) Year 0 Year 1 Year 2 Year 3 Year 4 Before-tax cash flow Tax cost After-tax cash flow Discount factor (7%) Present value NPV Req A1 Req A2 Complete th is question by entering your answers in the tabs below Req A1 Req A2 Reg B1 Req B2 Req C1 Req C2 Should Investor W make the investment? OYes ONo Req A1 Req B1 Complete this question by entering your answers in the tabs below. eq A1 Req A2 Req B1 eq B2 C1 Req C2 Complete the table below to calculate NPV. Assume her marginal tax rate over the life of the investment is 20 percent. (Cash outflows and negative amounts should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, intermediate calculations and final answers to the nearest whole dollar amount.) Year 0 Year 1 Year 2 Year 3 Year 4 Before-tax cash flow ost After-tax cash flow Discount factor (7 % ) Present value NPV