discount rate and has a $40$ percent marginal tax rate over the three$-$year period. Use Appendix A and Appendix B$.$

Required:

Complete the tables below to calculate NPV$.$

$2$ Which opportunity should Firm E choose?

Complete the tables below to calculate NPV$.$ Assume Firm E$\text{'}$s marginal tax rate over the three$-$year period is $15$ percent.

$2$ Which opportunity should Firm E choose?

Complete the tables below to calculate NPV$.$ Assume Firm E$\text{'}$s marginal tax rate is $40$ percent in year $0$ but only $15$ percent in year: nd $2.$

$2$ Which opportunity should Firm E choose?