Henredon purchases a high-precision programmable router for shaping furniture components for $190,000. It is expected to last 12 years and have a salvage value of $5,000. It will produce $45,000 in net revenue each year during its life. Corporate income taxes are 40 percent, and the after-tax MARR is 10 percent. Determine the ATCF for each year and the after-tax PW, AW, IRR, and ERR, if the router is kept for 12 years.

Use MACRS-GDS and state the appropriate property class. End of Year ATCF 0 $ $ 190000 1 $ $ 33166.67 2 $ $ 33166.67 3 3 $ 33166.67 4 $ 33166.67 5 $ 33166.67 6 $ $ 33166.67 7 $ 33166.67 $ $ 00 $ 33166.67 9 $ $ 33166.67 10 $ 33166.67 $ 33166.67 11 12 $ $ 38166.67 After-tax PW:$ 37580 After-tax AW: $ 5515.45 After-tax IRR: 13.85 % After-tax ERR: -11.67 % For rates, carry all interim calculations to 5 decimal places and then round your final answer to 1 decimal place. The tolerance is +0.2. Property Class: 20-Year Property Use MACRS-GDS and state the appropriate property class. End of Year ATCF 0 $ $ 190000 1 $ $ 33166.67 2 $ $ 33166.67 3 3 $ 33166.67 4 $ 33166.67 5 $ 33166.67 6 $ $ 33166.67 7 $ 33166.67 $ $ 00 $ 33166.67 9 $ $ 33166.67 10 $ 33166.67 $ 33166.67 11 12 $ $ 38166.67 After-tax PW:$ 37580 After-tax AW: $ 5515.45 After-tax IRR: 13.85 % After-tax ERR: -11.67 % For rates, carry all interim calculations to 5 decimal places and then round your final answer to 1 decimal place. The tolerance is +0.2. Property Class: 20-Year Property