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 - $ ATCF4 = $ ATCF5= $ y ATCF - $ ATCF - $ ATCF - $ ATCF9 - $ ATCF 10 - $ 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- % g. Determine the real IRR of the after-tax cash flows. IRR, % h. Determine the real ERR of the after-tax cash flows. ERR- %