Please solve, show work, and give detail explanation

Exam #2 Review Problems Chapters 9 and 6 2. A firm has a new project that requires $210,600 of equipment. What is the depreciation expense in year 5 of the project is the equipment is classified as 7-year property for MACRS purposes? Year MACRS 14.29% 3 17.49% 4 12.49% 5 8.93% 24.49% 6 8.93% 7 8.93% 8 4.45% 3. A project has an operating cash flow of $33.000 per year. Initially, this 4-year project required $5,600 in net working capital, which is recoverable when the project ends. The firm also spent $16,400 on equipment to start the project. This equipment will have a book value of $2,800 at the end of year 4. What is the cash flow for year 4 of the project if the equipment can be sold for $4,500 and the tax rate is 35 percent