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4. A large corporation subjected to 21% marginal tax isinvesting 200,000 in a new income producing asset that isdepreciated on a MACRS 5 year schedule. The asset was paid forcompletely when purchased in the first quarter of the first year ofoperation but for analysis purposes the cash flow of purchase is inperiod 0. The expected revenue and costs by year are given below.When retired, the asset will have no value.Year123456Direct Revenue90,000190,000210,000180,000130,00080,000Direct and Allocated Cost35,00085,00090,00085,00065,00035,000Prepare a net cash flow statement / exhibit for all 6 years ofthe new asset.a. What is the net cash flow in year1? b. What is the net cash flow in year6? c. What is the PW of the net cash flowapplying an interest rate of 12.0%? Place the purchase at year 0with all other cash flows at the end of the respectiveyear.