The following table presents the IRS deduction percentages for assets classified as MACRS 5-Year Property: Puccini, Inc., is contemplating the purchase of some new equipment at a cost of $1,000,000. The equipment will allow Puccini to introduce a new product line with expected revenues of $300,000 per year, $87, 500 of expected variable costs per year, and additional fixed costs of $50,000 per year. The equipment is classified as five-year property for income tax purposes and is expected to have a salvage value of $32, 500 at the end of its five-year economic life. Puccini is in the marginal 40% income tax bracket. Assume that all cash flows, except for the initial cash purchase price, occur at the end of the year. Required: What is the expected After-tax Cash Flow (ATCF) that Puccini would receive in the fourth year if it purchased this asset? If fixed costs turned out to be $30,000 more than expected each year, what ATCF would Puccini expect to receive in the fourth year if it purchased this asset? Using the original estimate of annual fixed costs, what ATCF would Puccini expect to receive in the fifth year if it purchased this asset (excluding the proceeds from the sale of the asset)? What net after-tax proceeds would Puccini expect to receive if it sold the asset at the end of the fifth year for $77, 600