QUESTION 16 Your firm is considering the installation of a new machine for finished metal parts manufacture that costs $280,000. The machine is expected to generate net income of $80,000 per year for the next 4 years. What are the income taxes for each year if the combined state and federal tax rate is 25%? List all dollar amounts to the nearest dollar. Year Before-Tax Cash Flow Depreciation Taxable Income Income Taxes 0 -$280,000 $80,000 -$13,324 $80,000 -$44,460 3 $80,000 $38,532 $80,000 $59,252