་་་་ས་་ཅས་ a1. Complete the table below to calculate NPV. Assume Daniels' marginal tax rate over the life of the investment is 15 percent. a2. Should Daniels make the investment? b1. Complete the table below to calculate NPV. Assume Daniels' marginal tax rate over the life of the investment is 20 percent. b2. Should Daniels make the investment? c1. Complete the table below to calculate NPV. Assume Daniels' marginal tax rate in years 1 and 2 is 10 percent and in years 3 and 4 is 25 percent. c2. Should Daniels make the investment? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B1 Req B2 Req C1 Req C2 Complete the table below to calculate NPV. Assume Daniels' marginal tax rate over the life of the investment is 15 percent. Note: Cash outflows and negative amounts should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, all other intermediate calculations and final answers to the nearest whole dollar amount. Year 0 Year 1 Year 2 Year 3 Year 4 Before-tax cash flow Tax cost $ (800,000) $ 77,500 $ 61,800 $ 856,800 After-tax cash flow 77,500 $ 0 $ 61,800 $ 856,800 Discount factor (7%) Present value $ (800,000) NPV Req A1 Req A2 > < Prev 11 of 13 Next > Margaret Daniels has the opportunity to invest $800,000 in a new venture. The projected cash flows from the venture are as follows. Use Appendix A and Appendix B. Initial investment Taxable revenue Deductible expenses Year 0 $ (800,000) Year 1 Year 2 Year 3 Year 4 $ 90,500 (13,000) $ 85,500 (13,000) $ 75,500 (13,700) Return of investment $ 70,500 (13,700) 800,000 Before-tax net cash flow $ (800,000) $ 77,500 $ 72,500 $ 61,800 $ 856,800 Daniels uses a 7 percent discount rate. Required: a1. Complete the table below to calculate NPV. Assume Daniels' marginal tax rate over the life of the investment is 15 percent. a2. Should Daniels make the investment? b1. Complete the table below to calculate NPV. Assume Daniels' marginal tax rate over the life of the investment is 20 percent. b2. Should Daniels make the investment? c1. Complete the table below to calculate NPV. Assume Daniels' marginal tax rate in years 1 and 2 is 10 percent and in years 3 and 4 is 25 percent. c2. Should Daniels make the investment? × Answer is not complete. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req B1 Req B2 Req C1 Req C2 Complete the table below to calculate NPV. Assume Daniels' marginal tax rate over the life of the investment is 15 percent. Note: Cash outflows and negative amounts should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, all other intermediate calculations and final answers to the nearest whole dollar amount. Year 0 Year 1 Year 2 Year 3 Year 4 < Prev 11 of 13 Next >