Given the following Before Tax cash flow, calculate the After Tax deflated (real) IRR if the 15K asset can be depreciated with a 5-yr MACRS, assuming a 39% tax rate and a f-4%/yr inflation. yr cashflow 0 -15K 1 SK 2 SK 3 6K 4 2K 5 1.8K 6 3K 7 2K 8 IK Recall: it is OK to have a project longer (n=8 yrs) than the MACRS duration (5 yrs), just do not depreciate anymore after MACRS is completed