Ownership year	Depreciation
1	14.29%
2	24.49%
3	17.49%
4	12.49%
5	8.93%
6	8.92%
7	8.93%
8	4.46%
Total	100.00%
Year	Depreciation	Book Value of investment
0	$0	$17,000,000
1	$2,429,300	$14,570,700
2	$4,163,300	$10,407,400
3	$2,973,300	$7,434,100
4	$2,123,300	$5,310,800
5	$1,518,100	$3,792,700
6	$1,516,400	$2,276,300
7	$1,518,100	$758,200
8	$758,200	$0
Total	$17,000,000

Forecast the projects cash flows for the next eight years. What assumptions did you use? Use MACRS depreciation for this case.