Raytheon wishes to use an automated environmental chamber in the manufacture of electronic components. The chamber is to be used for rigorous reliability testing and burn-in. It is installed for $1,500,000 and will have a salvage value of $250,000 after 8 years. Its use will create an opportunity to increase sales by $650,000 per year and will have operating expenses of $250,000 per year. All dollar amounts are expressed in real dollars. Depreciation follows MACRS 5-year property, taxes are 25%, the real after-tax MARR is 10%, and inflation is 4.0%. a. Determine the actual after-tax cash flows for each year. ATCFO - $ ATCF1 - $ ATCF2 - $ ATCF3 - $ ATCF4 = $ ATCFS - $ ATCF. $ ATCF7= $ ATCF - $ b. Determine the PW of the after-tax cash flows. PWST = $ c. Determine the AW of the after-tax cash flows. AWST = $ d. Determine the FW of the after-tax cash flows. FWST = $ e. Determine the combined IRR of the after-tax cash flows. IRR % f. Determine the combined ERR of the after-tax cash flows. ERR g. Determine the real IRR of the after-tax cash flows. IRR = % h. Determine the real ERR of the after-tax cash flows. ERR,= % Parts a-d: Round your answer to 2 decimal places. The tolerance is + 5. Raytheon wishes to use an automated environmental chamber in the manufacture of electronic components. The chamber is to be used for rigorous reliability testing and burn-in. It is installed for $1,500,000 and will have a salvage value of $250,000 after 8 years. Its use will create an opportunity to increase sales by $650,000 per year and will have operating expenses of $250,000 per year. All dollar amounts are expressed in real dollars. Depreciation follows MACRS 5-year property, taxes are 25%, the real after-tax MARR is 10%, and inflation is 4.0%. a. Determine the actual after-tax cash flows for each year. ATCF = $ ATCF 1 - $ ATCF2 - $ ATCF3 = $ ATCF4 = $ ATCFS - $ ATCF. - $ ATCF7 = $ ATCF3 = $ b. Determine the PW of the after-tax cash flows. PWST = $ c. Determine the AW of the after-tax cash flows. AWST = $ d. Determine the FW of the after-tax cash flows. FW $t = $ e. Determine the combined IRR of the after-tax cash flows. IRR - % f. Determine the combined ERR of the after-tax cash flows. ERR 8. Determine the real IRR of the after-tax cash flows. IRR = % h. Determine the real ERR of the after-tax cash flows. ERR. - %