Corporation VB was formed in 2023. Immediately prior to year-end, VB is considering a $500,000 deductible expenditure. It can either make the expenditure before the end of 2023, or wait until 2024. However, if it waits, the cost of the expenditure will increase to $525,000. Before considering this expenditure, VB has the following projected pretax cash flows and taxable income for 2023,2024 , and 2025. Use Appendix A. Required: a. Using a 5 percent discount rate, compute the NPV of VB's after-tax cash flows if the expenditure is in 2023. b. Using a 5 percent discount rate, compute the NPV of VB's after-tax cash flows if the expenditure is in 2024. c. Based on your calculations, when should VB make this expenditure? Complete this question by entering your answers in the tabs below. Using a 5 percent discount rate, compute the NPV of VB's after-tax cash flows if the expenditure is in 2023. Note: Round discount factors to 3 decimal places. Round intermediate calculations and final answers to the nearest whole dollar amount. Present Value of $1