Consider the following proposed capital investment in an engineering project and determine its Proposed capital investment $98,000 Salvage value (end of year four) $0 Annual expenses per year Gross revenues per year Depreciation method Useful life Effective income tax rate (t) = 55% After-tax MARR a. year-by-year ATCF b. after-tax AW, c. annual equivalent EVA $29,000 -$61,000 MACRS (GDS) four years Assume MACRS depreciation is appropriate with a property class of three years. -11 % per year Click the icon to view the GDS Recovery Rates (k) for the 3-year property class. Click the icon to view the interest and annuity table for discrete compounding when the MARR is 11% per year