Problem 24-3A Computation of cash flows and net present values with alternative depreciation methods LO P3 The following information applies to the questions displayed below. Manning Corporation is considering a new project requiring a $90,000 investment.in test equipment with no salvage value. The project would produce $75,000 of pretax income before depreciation at the end of each of the next six years. The company's income tax rate is 34%. In compiling its tax return and computing its ncome tax payments, the company can choose between the two alternative depreciation schedules shown n the table. (FV of $1, PV of $1, FVA of $1 and PVA of $t (Use MACRS) (Use appropriate factor(s) from the tables provided.) Straight-Line MACRS reclation reciation Year 1 $ 9,000 $18,000 Year 2 18,000 18,000 8,000 8,000 ,000 Year 3 Year 4 Year 5 Year 6 28,800 7,280 0,368 0,368 5184 Totals $90,000 $90,000