what is the total after tax income for each project ? Which one should be chosen ? use the pictures for project information.

2022 2023 2024 2025 2026 S 3,655 $ 8,000 S 10,000 $ 25,000 $ 22.000 Figure 1 Financial analysis of Project A Initial Expenditures Net cost of new fixed assets $25,000 Additional revenue Additional operating costs Depreciation Net increase in income Less: Tax at 33% $ 500 $ 500 $ 500 $ 500 $ 500 $ 3.600 S 5.280 s 5.040 S 5.670 $ 5.670 $ (445) $ 2,220 $ 4,460 S 18,830 S 15,830 $ $ 733 $ 1.472 $ 6.214 S 5,224 S (445) S 1.487 s 2.988 S 12.616 S 10.606 Increase in after-tax income Add back depreciation $ 3.600 $ 5.280 $ 5,040 S 5,670 S 5,670 Net change in cash flow (25.000) $ 3,155 $ 6,767 $ 8,028 $ 18.286 $ 16,276 Figure 2 Financial analysis of Project B Initial Expenditures Net cost of new assets $75,000 2022 2023 2024 2025 2026 Additional revenue $ 8,313 $ 16,625 $ 24,938 $ 37,406 $ 49,875 $ 2.625 $ 2.625 $ 2.625 S 2.625 S 2,625 Additional operating costs Depreciation Net increase in income S 1.925 S 1.925 s 1.925 $ 1.925 $ 1.925 $ 3,763 $ 12.075 $ 20.388 S 32.856 S 45.325 Less: Tax at 33% $ 1.242 $ 3,985 $ 6.728 $ 10.843 $ 14.957 Increase in after-tax income S 2.521 $ 8.090 S 13.660 $ 22.014 S 30.368 Add back Amortization $ 1.925 $ 1.925 $ 1.925 S 1.925 S 1.925 Net change in cash flow $ 4,446 $ 10.015 S 15,585 $ 23.939 $ 32.293 (75,000) Figure 3 Financial analysis of Project C 2022 2023 2024 2025 2026 Initial Expenditures $ 100,000 Net cost of new assets $ 11,000 $ 22,000 $ 33.000 $ 49,500 $ 66,000 Additional revenue Additional operating costs $ 5,000 $ $ 5,000 $ 5,000 $ 5.000 5,000 $ $ $ 14.000 $ $ 20,000 $ 17.500 $ 17.500 17.500 Depreciation Net increase in income $ (8,000) S (3,000) $ $ 27.000 $ 43,500 10,500 3.465 $ S $ $ S 8.910 $ 14.355 Less: Tax at 33% Increase in after-tax income $ (8.000) $ (3.000) $ 7.035 S 18.090 $ 29.145 Add back depreciation $ 14.000 S 20,000 $ 17,500 $ 17,500 $ 17,500 Net change in cash flow $ (100,000) $ 6,000 $ 17,000 $ 24,535 $ 35,590 $ 46,645 Figure 4 Financial analysis of Project D Initial Expenditures 2022 2023 2024 2025 2026 Net cost of new assets $55,000 $ 45,000 $ 37,500 $ 10,000 $ 8,500 $ $ 6,500 $ 3,000 $ 4,000 $ 5,000 $ 5,500 $ 6,000 s 8.000 $ 11.000 $ 11.000 Additional revenue Additional operating costs Depreciation Net increase in income Less: Tax at 33% Increase in after-tax income Add back depreciation 12.000 21.500 $ $ $ 11.000 $ (10,500) $ 34.000 $ (6,000) ( $ (8,000) $ 11.220 $ 7.095 $ $ $ S 22.780 $ 14.405 $ (6.000) S (8.000) $ (10.500) $ 8.000 $ 12.000 $ 11,000 $ 11,000 $ $ 11.000 Net change in cash flow S (55,000) $ 30,780 $ 26,405 $ 5,000 $ $ 3,000 $ 500