IV1/201S More Info Capital investment is $1,030,000. (This includes land and working capital.) 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 S648.000 in the first year, and they increase at the rate of 5% per year (ie, f-59) thereafter. Estimated MV of depreciable property from the project at the end of three years is $220,000. Federal income tax rate-23%: state income tax rate: 5%. MARR (after taxes) is 12% per year. Use the half-year time convention for depreciation in the last year. IV1/201S More Info Capital investment is $1,030,000. (This includes land and working capital.) 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 S648.000 in the first year, and they increase at the rate of 5% per year (ie, f-59) thereafter. Estimated MV of depreciable property from the project at the end of three years is $220,000. Federal income tax rate-23%: state income tax rate: 5%. MARR (after taxes) is 12% per year. Use the half-year time convention for depreciation in the last year