QUESLIUI IV. OJJOJ TRICHTUN DAUN ON] Braavos must purchase an asset categorized as a 3-year property class for MACRS depreciation. After-tax MARR for the Iron Bank of Bravos is 20%. Assume a combined federal/state tax rate of 27%. The asset can receive a 90% Bonus Depreciation in year o and follows MACRS depreciation afterwards. Three alternatives are available to the Iron Bank of Braavos for this acquisition: Alternative 1: Purchase cost $11K, maintenance cost $1K, salvage value $3K. Alternative 2: Purchase cost $15K, maintenance cost $4K, salvage value $7K. Alternative 3: Purchase cost $14K, maintenance cost $5K, salvage value $4K. Salvage value occurs in year 5. Question: Which brand would you recommend to the Iron Bank of Bravos based on a Present Worth analysis? Hint: 3-year property MACRS depreciation: 0.3333 in year 1, 0.4445 in year 2, 0.1481 in year 3, and 0.0741 in year 4. [P/F,20%,1] = 0.8333, [P/F,20%,2] = 0.6944, [P/F,20%,3] = 0.5787, [P/F,20%,4] = 0.4823, [P/F,20%,5) = 0.4019 inn QUESLIUI IV. OJJOJ TRICHTUN DAUN ON] Braavos must purchase an asset categorized as a 3-year property class for MACRS depreciation. After-tax MARR for the Iron Bank of Bravos is 20%. Assume a combined federal/state tax rate of 27%. The asset can receive a 90% Bonus Depreciation in year o and follows MACRS depreciation afterwards. Three alternatives are available to the Iron Bank of Braavos for this acquisition: Alternative 1: Purchase cost $11K, maintenance cost $1K, salvage value $3K. Alternative 2: Purchase cost $15K, maintenance cost $4K, salvage value $7K. Alternative 3: Purchase cost $14K, maintenance cost $5K, salvage value $4K. Salvage value occurs in year 5. Question: Which brand would you recommend to the Iron Bank of Bravos based on a Present Worth analysis? Hint: 3-year property MACRS depreciation: 0.3333 in year 1, 0.4445 in year 2, 0.1481 in year 3, and 0.0741 in year 4. [P/F,20%,1] = 0.8333, [P/F,20%,2] = 0.6944, [P/F,20%,3] = 0.5787, [P/F,20%,4] = 0.4823, [P/F,20%,5) = 0.4019 inn