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 $1,380,000 and will have a salvage value of $190,000 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 3.8%. a. Determine the actual after-tax cash flows for each year. ATCF = $ ATCF1 = $ ATCF2 = $ ATCF3 = $ ATCF4 = - $ ATCF5 = $ ATCF6 = $ ATCF7 = $ ATCFg = $ b. Determine the PW of the after-tax cash flows. PW$T = $ c. Determine the AW of the after-tax cash flows. AW$t = $ 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 = % 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. Parts e-h: Round your answer to 2 decimal places and present in percentage format. The tolerance is +0.1. 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 $1,380,000 and will have a salvage value of $190,000 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 3.8%. a. Determine the actual after-tax cash flows for each year. ATCF = $ ATCF1 = $ ATCF2 = $ ATCF3 = $ ATCF4 = - $ ATCF5 = $ ATCF6 = $ ATCF7 = $ ATCFg = $ b. Determine the PW of the after-tax cash flows. PW$T = $ c. Determine the AW of the after-tax cash flows. AW$t = $ 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 = % 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. Parts e-h: Round your answer to 2 decimal places and present in percentage format. The tolerance is +0.1