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EOY 2 3 4 5 6 7 8 Before-Tax Market Value 690,000 586,500 498,525 423,746 360,184 306,157 260,233 221,198 188,018 Before-Tax Operatinq Expenses 85,000

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EOY 2 3 4 5 6 7 8 Before-Tax Market Value 690,000 586,500 498,525 423,746 360,184 306,157 260,233 221,198 188,018 Before-Tax Operatinq Expenses 85,000 102,ooo 122,400 146,880 176,256 211,507 253,809 304,570 After-Tax MARR = 60/0 Depreciation Rate = 15% Income Tax Rate = 40%

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