Travis Huntley, a manager of the Plate Division for the Marble Top Manufacturing company, has the opportunity to expand the division by investing in additional machinery costing $420,000. He would depreciate the equipment using the straight-line method and expects it to have no residual value. It has a useful life of 7 years. The firm mandates a required after-tax rate of return of 14% on investments. Travis estimates annual net cash inflows for this investment of $125,000 before taxes and an investment in working capital of $2,500. The tax rate is 35% Click the icon to view the Future Value of Annuity of $1 factors E (click the icon to view the Future Value of $1 factors.)