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I want to buy a race horse. The horse I am looking at is called Super Fudge is going to cost $180,000. The expenses associated

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I want to buy a race horse. The horse I am looking at is called "Super Fudge" is going to cost $180,000. The expenses associated with having the horse are going to be S30,000 per year for 4 years. I am forecasting to win $90,000 per year racing this horse (4 years). I can write off the cost of the racehorse since they are considered a 3-MACRS property. I am currently in the 25% tax bracket I expect 10% on my money. a. What would my Net Present Worth be for this investment before I considered taxes (draw a CFD for full credit)? Should I buy the horse? b. What would my depreciation be for the horse for years 1-4? c. What would my taxes be for years 1-4? d. What would my Net Present Worth on this project be after taxes are considered (draw a CFD for full credit)? Should I buy the horse

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