I am having trouble calculating the tax cost.

Required: a-1. Complete the below table to calculate NPV. Assume that the revenues are taxable income, and the expenses are deductible a-2. Should firm X make the Investment? b-1. Complete the below table to calculate NPV. Assume that the revenues are taxable income, but the expenses are nondeductib b-2. Should firm X make the investment? Complete this question by entering your answers in the tabs below. bok Req A1 Reg A2 Req B1 Reg B2 rint Complete the below table to calculate NPV. Assume that the revenues are taxable income, but the expenses are nondeductible. (Cash outfiows and negative amount should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, all other intermediate calculations and final answers to the nearest whole dollar amount.) Terences Year 0 (329.000) Year 1 26.560 Year 2 56,440 Year 385,440 $ $ Before-tax cash low Tax cost Net cash flow Discount factor (8%) Present value NPV 17.284 $ 0.926 15,986 $ 56,440s 0.857 48.389 $ 385,440 0.794 308,039 $ (329,000) $ (Reg A2 Reg 02-> Firm X has the opportunity to invest $329,000 in a new venture. The projected cash flows from the venture are as follows. Use Appendix A and Appendix B. Year o Year 1 Year 2 Year 3 Initial investment 5 (329,000) Revenues $ 66,400 $ 66,400 $ 66,400 Expenses (39,840) (9,960) (9,960) Return of investment 329,000 Before-tax net cash flow $ (329,000) $ 26,560 $ 56,440 $ 385,440 Firm X uses an 8 percent discount rate, and its marginal tax rate over the life of the venture will be 35 percent Required: 1.1. Complete the below table to calculate NPV Assume that the revenues are taxable income, and the expenses are deductible, 0-2. Should firm X make the investment? b-1. Complete the below table to calculate NPV. Assume that the revenues are taxable income, but the expenses are nondeductible. b-2. Should firm X make the investment? ces