LMU Corporation (a C Corporation) buys the following assets on February 15th 2020. Land 300k New Building (not for rent) 500k New Plumbing for above building 600k New Heating system for above building 400k Computers for building 900k Furniture for building 900k 1. Of the items listed above, which are subject to MACRS tables? For those items, please note the amount of basis to which the MACRS rate that applies (do not calculate depreciation but tell me the rates). Briefly explain your results. 2. On the first day of the year 2021, assume LMU buys a machine for $500,000. They finance the purchase half with debt that has a 10% per year interest rate. Assuming no income from the machine in 2021, what is the after tax cash flow in the current year from buying this machine?