Company J must choose between two alternative business expenditures with the following cashflows:

Expenditure $1$: $$190,000$ cash outflow

Expenditure $2$: $$150,100$ cash outflow

Required:

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.

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.

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.