please answer both questions

1. After-tax CF from Salvage: If you paid $98,000 for some machinery that was depreciated using the 5-year MACRS table, and you sold the machinery for $15,000 at the end of year 6, what would be the after-tax cash flow from salvage if your company is in a 35% tax bracket?

2. Create a pro-forma income statement, and enter the Year 5 net income:

Your company is currently considering the purchase of a new production machine at a cost of $55,000 (including installation costs) and expects to increase revenues by the following amounts each year as a result of the new equipment:

Year 1 = $19,000

Year 2 = $28,000

Year 3 = $30,000

Year 4 = $35,000

Year 5 = $15,000

Year 6 = $10,000

Fixed costs for running the new equipment will be $5,000 per year, while variable costs will be 15% of sales. The assets depreciate according to the 5-year MACRS table. The company is not currently paying any interest expense, and they are taxed at 31% of EBIT.