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company purchased office furniture for its new office branch and it will be depreciated unde the MACRS with a property class of 5 years. The

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company purchased office furniture for its new office branch and it will be depreciated unde the MACRS with a property class of 5 years. The furniture's cash flow is given table below. The company has an effective income tax rate of 40%, and its after-tax MARR is 15% per year. If the company plans to keep the furniture only 2 years, what would be the equivalent after-tax present worth of this investment (PW)? EOY BTCF Depr. ATCF 0 -15000 16000 10000

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