First cost of equipment = $150,000; Market value at the end of year 6 = $30,000; MACRS depreciation is used. The equipment is a 5-year property. Incremental income-tax rate for the company = 35% (20 points)

Year	0	1	2	3	4	5	6
BT-CF in $	-150K	60K	63K	66K	69K	72K	75K
O&M Expenses		10K	13K	16K	19K	22K	25K

The first-year after tax-cash flow is _____________.

The fourth -year taxable income is equal to ________________.

The tax on depreciation recapture in year 6 is equal to __________________.

The after tax rate of return is _____________.