Hercules Exercise Equipment Company purchased a computerized measuring device two years ago for $$90,000.$ The equipment falls into the five$-$year category for MACRS depreciation and can currently be sold for $$40,800.$ A new piece of equipment will cost $$235,000.$ It also falls into the five$-$year category for MACRS depreciation. Assume the new equipment would provide the following stream of added cost savings for the next six years. Use Table $1212.$ Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.

Year Cash Savings

$1$ $ $67,000$

$257,000$

$355,000$

$453,000$

$550,000$

$639,000$

The firm$$s tax rate is $25$ percent and the cost of capital is $14$ percent.

a$.$ What is the book value of the old equipment?

Note: Do not round intermediate calculations and round your answer to the nearest whole dollar.

$($I have the answer $-$ $$43,200)$

b$.$ What is the tax loss on the sale of the old equipment?

Note: Do not round intermediate calculations and round your answer to the nearest whole dollar.

$($I have the answer, $$2400)$

c$.$ What is the tax benefit from the sale?

Note: Do not round intermediate calculations and round your answer to the nearest whole dollar.

$($I have the answer, $$600)$

d$.$ What is the cash inflow from the sale of the old equipment?

Note: Do not round intermediate calculations and round your answer to the nearest whole dollar.

e$.$ What is the net cost of the new equipment? $($Include the inflow from the sale of the old equipment.$)$

Note: Do not round intermediate calculations and round your answer to the nearest whole dollar.

f$.$ Determine the depreciation schedule for the new equipment.

Note: Round the depreciation base and annual depreciation answers to the nearest whole dollar. Round the percentage depreciation factors to $3$ decimal places.