Clearwater Manufacturing is buying equipment that has a cost basis of $25,000. It plans to use the equipment for 2 years. It will sell the equipment for $19000 end of year 2. The company expects to realize revenue of $18000 per year and expenses of $9000 per year. Assume a federal tax of 21%, state tax of 7.6% per year, and an after tax MARR of 10% per year. Clearwater will use MACRS GDS depreciation with a 5-year recovery period. a) (5 points) Calculate the combined tax rate (round to nearest %), show here: b) (5 points) Show the years and before tax cash flows in chart below. c) (5 points) Show depreciation calculation here and then put each year depreciation in chart below: d) (5 points) Calculate Book Value after 2 years. Show calculation here. e) (5 points) Capital Gain or Loss after 2 years (show calculation here and put in chart below) f) (5 points) Calculate taxable income for each year and show in chart below. g) (5 points) Calculate taxes for each year and show in chart below. h) (5 points) Calculate After Tax Cash Flows for each year and show in chart below. Y BTCF R Depreciatio n Deduction Taxable Income Cash flow ATCF for taxes