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 $5,400. Henredon will borrow $100.000 at 13.4% over 6 years, paying only interest each year and paying all the principle in the sixth year. It will produce $47.000 in net revenue each year during its life. All dollar amounts are expressed in real dollars. Depreciation follows MACRS 7-year property, taxes are 25%, the real after-tax MARR is 10%, and inflation is 3.9% a. Determine the actual after-tax cash flows for each year. ATCF = $ ATCF1-$ ATCF - $ ATCF3 = $ ATCF, = $ ATCEs = $ ATCF - $ ATCF7 - $ ATCF - $ ATCF - $ ATCF10 - $ ATCF11 - $ ATCF12 - $ b. Determine the PW of the after tax cash flows. PWST-$ c. Determine the AW of the after tax cash flows AWST = $ d. Determine the FW of the after tax cash flows, FWST = $ e. Determine the combined IRR of the after tax cash flows IRR = % f. Determine the combined ERR of the after-tax cash flows, ERR- 96 g. Determine the real IRR of the after-tax cash flows. IRR - 96 h. Determine the real ERR of the after tax cash flows. ERR 96 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 $5,400. Henredon will borrow $100.000 at 13.4% over 6 years, paying only interest each year and paying all the principle in the sixth year. It will produce $47.000 in net revenue each year during its life. All dollar amounts are expressed in real dollars. Depreciation follows MACRS 7-year property, taxes are 25%, the real after-tax MARR is 10%, and inflation is 3.9% a. Determine the actual after-tax cash flows for each year. ATCF = $ ATCF1-$ ATCF - $ ATCF3 = $ ATCF, = $ ATCEs = $ ATCF - $ ATCF7 - $ ATCF - $ ATCF - $ ATCF10 - $ ATCF11 - $ ATCF12 - $ b. Determine the PW of the after tax cash flows. PWST-$ c. Determine the AW of the after tax cash flows AWST = $ d. Determine the FW of the after tax cash flows, FWST = $ e. Determine the combined IRR of the after tax cash flows IRR = % f. Determine the combined ERR of the after-tax cash flows, ERR- 96 g. Determine the real IRR of the after-tax cash flows. IRR - 96 h. Determine the real ERR of the after tax cash flows. ERR 96