Show calculations where necessary. No form of electronic communication allowed. No sharing of calculators or other material. NO PARTIAL CREDIT given for depreciation, tax & inflation problems 1. An oil company purchased a new petroleum drilling rig for $1,800,000 and will depreciate using MARCS method. The company leases the rig and receives $450,000 per year for eight years. Assume all expenses are taken care of Fill in the table below for years 0,1,2, 6, 7 ONLY. Yr. | Pre tax Dep. Taxable Taxes After tax Infl. After infl. CF CF factor CF income Show your calculations below: a. Depreciation b. Taxable income c. Taxes