Declining Balance Depreciation 12-18 A firm is considering the following investment project: Before-Tax Cash Flow (thousands) Year 12 -$1000 0 500 1 340 2 244 3 100 4 100 5 125 Salvage value The project has a 5-year useful life with a $125,000 salvage value, as shown. Double declining balance depreciation will be used, assuming the $125,000 salvage value. The combined income tax rate is 24%. If the firm requires a 10% after-tax rate of return, should the project be undertaken