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Raytheon wishes to use an automated environmental chamber in themanufacture of electronic components. The chamber is to be used forrigorous reliability testing and burn-in. It is installed for$800,000, $350,000 of which is borrowed at 11% for 5 years, andwill have a salvage value of $150,000 after 8 years. Its use willcreate an opportunity to increase sales by $650,000 per year andwill have operating expenses of $250,000 per year. Corporate incometaxes are 40%. Develop tables using a spreadsheet to determine theATCF for each year and the after-tax PW, AW, IRR, and ERR, if thechamber is kept for 8 years. After-tax MARR is 10%. Determine foreach year the ATCF and the PW, FW, AW, IRR, and ERR for theinvestment if:straight-line depreciation is used over 8 years with nohalf-year convention and the loan is paid back using Method 1(interest only at the end of each year of the loan, plus principalat the end of the last year).straight-line depreciation is used over 8 years with nohalf-year convention and the loan is paid back using Method 2(equal annual principal payments plus interest on the unpaid loanbalance).straight-line depreciation is used over 8 years with nohalf-year convention and the loan is paid back using Method 3(equal annual principal plus interest payments during each year ofthe loan).MACRS-GDS depreciation is used with the appropriate propertyclass and the loan is paid back using Method 1 (interest only atthe end of each year of the loan, plus principal at the end of thelast year).MACRS-GDS depreciation is used with the appropriate propertyclass and the loan is paid back using Method 2 (equal annualprincipal payments plus interest on the unpaid loan balance).MACRS-GDS depreciation is used with the appropriate propertyclass and the loan is paid back using Method 3 (equal annualprincipal plus interest payments during each year of the loan).