Company J must choose between two alternative business expenditures with the following cashflows: Expenditure 1: $160,000 cash outflow Expenditure 2: $131,200 cash outflow Required: a. Determine the marginal tax rate at which the after- tax cash flows from the two expenditures are equal assuming that Expenditure 1 is fully deductible and Expenditure 2 is nondeductible. b. Determine the marginal tax rate at which the after- tax cash flows from the two expenditures are equal assuming that Expenditure 1 is 50 percent deductible and Expenditure 2 is nondeductible. c. Determine the marginal tax rate at which the after- tax cash flows from the two expenditures are equal assuming that Expenditure 1 is fully deductible and Expenditure 2 is 50 percent deductible.