Wilcox Company is considering an investment that will generate cash revenues of $120,000 per year for 8 years, and have cash expenses of $60,000 per year for 8 years. The cost of the asset is $120,000, and it will be depreciated using straight-line depreciation over its 8 year life. Berringer pays income taxes at a rate of 30%. The cost of capital is 12% Required: a)Prepare an analysis showing the annual after tax cash flow associated with this asset. NOTE: cash flows in this case are the same for all 8 years. (5 points worth) b) Refer to the Wilcox company information. If the PV factor of the after tax cash flows is 4.9676, what is the Net Present Value of the investment? Round your final answer to the nearest whole dollar. Do not enter any symbols in your answer (5 points worth)