Hi can you please answer the question by hand, showing all formulas.

Your company offers $Y to acquire HZK.Corp, a software developing company located in Regina. Some of the information related to HZK.Corp's 2011 financial year is given below:

Income = $2,850,000

All cost (excluding loan and interest payments)

Loan payment $ 654,320

The interest portion of the loan payment $ 211,673

Capital cost allowance $ 465,000

The income tax rate for HZK.Corp .is 30%, and the capital cost allowance rate for its equipment is 25%.

Determine:

(a) the before tax cash flow in the 2011 financial year (3 marks)

(b) the income tax payable in the 2011 financial year (5 marks)

(c) the un-depreciated capital cost ofHZK.Corp's equipment at the end of the 2011 financial year (5 marks)

(d) the after tax cash flow in the 2011 financial year (5 marks)

(e) the maximum value of Y, if your company is willing to purchase HZK.Corp for at most 1.4 times the present value of its after tax cash flow for the next five years (2012 to 2016). Assume that the after tax cash flow will increase by 8% each year. (7 marks)