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Thomson Media is considering some new equipment whose data areshown below. The equipment has a 3 year tax life and would be fullydepreciated by the MACRS method over 3 years, but it would have apositive pre-tax salvage value at the end of year 3, when theproject would be closed down. Also, additional net operatingworking capital would be required, but it would be recovered at theend of the project's life. Revenues and other operating costs areexpected to be constant over the project's 3 year life.What is the project's total cash flow in year 3? Create atable. DO NOT USE EXCEL-Net investment in fixed assests = $70,000- Required net opertaing work capital = $15,000-Depreciation (MACRS): 33% in year 145% in year 215% in year 37% in year 4- Earnings before taxes & depreciation = $54,000- Expected pre-tax salvage value = $6,000- Tax Rate: 35%- WACC: 8%