Than has purchased a newly built rental property for $350,000. He has borrowed $300,000 for the purchase at an interest rate of 9.0% p.a. on an interest-only basis. In the first year of the investment he gives you the following additional information: gross rent $25,000; property costs (rates, insurance, minor repairs, agent fees, etc.) $4,000; depreciation of building at 2.5% (assume cost of building $300,000); depreciation of fittings $3,800. Thans marginal tax rate is 45%. Prepare a table to show the after-tax cash flow that Than may expect to receive on the investment in the first year. Item Amount $ Rent received (1) Property costs (2) Depreciation (buildings) (3) Depreciation (fittings) (4) Interest (5) Taxable income(loss) (6) Tax payable(saving) @45% (7) Net cash flow (8)