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Investor W has the opportunity to invest $615,000 in a newventure. The projected cash flows from the venture are as follows.Use Appendix A and Appendix B. Year 0Year 1Year 2Year 3Year 4Initial investment$(615,000)Taxable revenue$81,500$76,500$66,500$61,500Deductible expenses(18,000)(18,000)(21,500)(21,500)Return of investment615,000Before-tax net cash flow$(615,000)$63,500$58,500$45,000$655,000 Investor W uses a 7 percent discount rate.a-1. Complete the table below to calculate NPV.Assume her marginal tax rate over the life of the investment is 15percent.a-2. Should Investor W make the investment?b-1. Complete the table below to calculate NPV.Assume her marginal tax rate over the life of the investment is 20percent.b-2. Should Investor W make the investment?c-1. Complete the table below to calculate NPV.Assume her marginal tax rate in years 1 and 2 is 10 percent and inyears 3 and 4 is 25 percent.c-2. Should Investor W make the investment?