Tampa Construction Company builds residential solar homes. Due to an increase in business volume, the company is considering acquisition of a loader at a cost of $54,000. The firm estimates that if the loader is purchased, it will be depreciated under MACRS as a 5-year recovery property. The following operating revenues along with additional operating expenses (excluding depreciation) are expected: Year Operating Operating Revenue Expenses 1 $66,000 $29,000 2 70,000 28,400 3 74,000 32,000 4 80,000 38,800 5 64,000 31,000 6 50,000 25,000 Operating revenues are assumed to be in cash in the year indicated, and all operating expenses are expected to be paid in the year in which they are incurred. The estimated salvage value (projected sale price) for the loader at the end of the sixth year is $8,000. The firm's tax rate is 35%. a. What is the after-tax net cash flow if the loader is acquired? Using Excel, construct a table showing cash flow based on net (after tax) income (the loader is purchased in year 0). b. Using the rate of return method, determine whether acquisition of the loader is acceptable if the firm's MARR is 13%. Display all relevant work (including written explanations/conclusions) clearly on your Excel spreadsheet