How do you get the taxable income for EOY 3b

Capital investment is $1,080,000. (This includes land and working capital.) . The cost of depreciable property, which is part of the $1,080,000 total estimated project cost, is $380,000. . Assume, for simplicity, that the depreciable property is in the MACRS (GDS) three-year property class . The analysis period is three years Annual operating and maintenance expenses are $620,000 in the first year, and they increase at the rate of 8% per year (ie, f 896) thereafter Estimated MV of depreciable property from the project at the end of three years is $330,000 ral income tax rate 24%, state i ncome tax rate 5% . MARR (after taxes) is 10% per year Use the half-year time convention for depreciation in the last year Print Done