please use 2018s Income tax = 21%

corporati rporation with $7 million in annual tax- le income and no state tax is considering two 12-60 A alternatives: Before-Tax Cash Flow ($1000) Year Alt. 1 Alt. 2 0 -$10,000 4,500 1-10 -$20,000 4,500 4,500 11-20 Both alternatives will be depreciated by 40% bonus depreciation taken in year 0 plus 10-year MACRS depreciation. Neither alternative is to be replaced at the end of its useful life. If the corporation has a minimum attractive rate of return of 10% after taxes, which alternative should it choose? Solve the problem by: (a) Present worth analysis (b) Annual cash flow analysis (c) Rate of return analysis (d) Future worth analysis (e) Benefit-cost ratio analysis 12-61 10 imum attractive rate of