Margaret Daniels has the opportunity to invest $$695,000$ in a new venture. The projected cash flows from the venture are as follows.

Use Appendix A and Appendix B$.$

Margaret uses a $7$ percent discount rate.

Required:

a$1.$ Complete the table below to calculate NPV$.$ Assume Margaret's marginal tax rate over the life of the investment is $15$ percent.

a$2.$ Should Margaret make the investment?

b$1.$ Complete the table below to calculate NPV$.$ Assume Margaret's marginal tax rate over the life of the investment is $20$ percent.

b$2.$ Should Margaret make the investment?

c$1.$ Complete the table below to calculate NPV$.$ Assume Margaret's marginal tax rate in years $1$ and $2$ is $10$ percent and in years $3$ and $4$

is $25$ percent.

c$2.$ Should Margaret make the investment?

Complete this question by entering your answers in the tabs below.

Req A$1$

Req A$2$

Complete the table below to calculate NPV$.$ Assume Margaret's marginal tax rate over the life of the investment is $15$ percent.

Note: Cash outflows and negative amounts 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.