Question 2 (25 points): Calculate the depreciation in Question 1 using Declining Balance Depreciation method with a declining balance rate of 150%, with the asset to be depreciated over 10 years (starting in year 1 and continuing to year 10). Show your work in detail for depreciation calculations please. Calculate After Tax Cash Flow, NPV, and ROR of the project and compare your results with Question 1. Question 1: Question 1 (25 points): Consider an investment that has a project life of 12 years and requires an investment of $1,250,000 at time zero for machinery and equipment to be depreciated over 10 years with the straight- line depreciation method with a half year convention (starting in year 1 and continuing to year 11). Annual revenue is estimated to be $300,000 and annual operating costs of $95,000. $250,000 is needed for working capital at time zero. The salvage value of the machinery and equipment will be zero while an environmental remediation cost of $80,000 will be required to be paid at the end of year 10 as an additional operating cost. The minimum After Tax Cash Flow ROR is 12.5% and the effective income tax rate is 20%. Calculate the After Tax Cash Flow, NPV, and ROR of the project. Question 2 (25 points): Calculate the depreciation in Question 1 using Declining Balance Depreciation method with a declining balance rate of 150%, with the asset to be depreciated over 10 years (starting in year 1 and continuing to year 10). Show your work in detail for depreciation calculations please. Calculate After Tax Cash Flow, NPV, and ROR of the project and compare your results with Question 1. Question 1: Question 1 (25 points): Consider an investment that has a project life of 12 years and requires an investment of $1,250,000 at time zero for machinery and equipment to be depreciated over 10 years with the straight- line depreciation method with a half year convention (starting in year 1 and continuing to year 11). Annual revenue is estimated to be $300,000 and annual operating costs of $95,000. $250,000 is needed for working capital at time zero. The salvage value of the machinery and equipment will be zero while an environmental remediation cost of $80,000 will be required to be paid at the end of year 10 as an additional operating cost. The minimum After Tax Cash Flow ROR is 12.5% and the effective income tax rate is 20%. Calculate the After Tax Cash Flow, NPV, and ROR of the project