Project Section $1$: You are considering buying an industrial equipment whose price is given below Table with your student ID$.$ The equipment is expected to earn an annual revenue of $$150,000.$ The equipment will be depreciated under MACRS as a five$-$year recovery property. The equipment will be used for seven years, at the end of which time, you can sell it for $$50,000.$ Your company's marginal tax rate is $35\%$ over the project period. Perform the following:

a$)$ Determine the net after$-$tax cash flows for each period over the project life.

b$)$ Net present worth assuming company MARR $=15\%.$

c$)$ Annual equivalent cash flow company MARR $=15\%.$

d$)$ IRR of the project.

$\backslash$table$[[$Student ID$,$Equipment price,Student ID$,$Equipment price$],[220033052,450000,221406180,350000],[220011090,445000,221425159,345000],[221417434,440000,221406434,340000],[221442106,435000,221434416,335000],[221426600,430000,221440407,330000],[221414290,425000,221445251,325000],[221407993,420000,220014774,320000],[220020451,415000,221436659,315000],[220032581,410000,220016722,310000],[221429316,405000,221419850,305000],[221416083,400000,221424673,300000],[221428302,395000,221428394,295000],[221414800,390000,221415902,290000],[221429659,385000,221418106,285000],[221431731,380000,221414900,280000],[221419856,375000,,],[221436431,370000,,],[221435678,365000,,],[221441226,360000,,],[221424534,355000,,]]$