Pa rt no. 1: An asset is purchased for $4,000. The company has elected to apply a classic straight-line depreciation assuming no salvage value at the end of a 4-year life. Annual gross income is $5,000 and annual expenses plus upgrade expenses are $2,000. Both income and costs are expected to be affected by an inflation rate of 2%. The corporate combined federal and state rate is 40%. Capital gains are subject to a 28% tax rate. The asset is sold at the end of the 2nd year for $5,000. Complete the table below based on this information. YEAR,t BTCF De TAXABLE INCOME | @ 28% & 40% TAXES ATCF ATCF 0 2 REGULAR @40% R.D. @40% L.T.C.G 828% Part no. 2: For this same asset find the rate-of-return of the after tax cash flow in year zero dollars. Compare this to the company MARR. The company seeks a real MARR of 30% after taxes