Your company has purchased equipment $($for $$50,000)$ that will reduce materials

and labor costs by $$14,000$ each year for $10$ years. After $10$ years, there will be no

further need for the machine, and because the machine is specially designed, it will

have no MV at any time. The IRS, however, has ruled that you must depreciate the

equipment on a SL basis with a tax life of five years.

a$.$ If the effective income tax rate is $21\%,$ draw the after$-$tax cashflow diagram