Question #7 You are the owner of a small business. An opportunity to expand into a new market niche arose. It requires an initial equipment investment of S500,000. You will finance the entire amount with a 5-year payback at 8% interest rate (annual payments). Depreciation will follow MACRS-3 Sales projections look very promising as shown below: $250,000 in first year's projected sales Sales growth is expected to increase by 35% over the previous year's sales COGS is expected to be 25% of each years' sales Business ordinary tax rate is 29% A. Develop the following: 1. Loan amortization table (2 points) 2. Depreciation table (2 points) 3. Income Statement (3 points) 4. Cash Flow Statement (3 points)