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Please solve using Excel. Ms. T. Potts, the treasurer of Ideal China, has a problem. The company has just ordered a new kiln for $510,000.

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Please solve using Excel.

Ms. T. Potts, the treasurer of Ideal China, has a problem. The company has just ordered a new kiln for $510,000. Of this sum, $61,000 is described by the supplier as an installation cost. Ms. Potts does not know whether the company will need to treat this cost as a taxdeductible current expense or as a capital investment. In the latter case, the company could depreciate the $61,000 straight-line over five years. How will the tax authority's decision affect the after-tax cost of the kiln? The tax rate is 25%, and the opportunity cost of capital is 6%. Note: Do not round intermediate calculations. Round your answers to the nearest whole dollar amount

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