... PV(C0) = -$2,100,000 PV(C1) = $7 25, 000 / (1 .1 655 ) = $622, 051 PV(C2) = $7 25, 000 / (1 .1 655 )2 = $53 3,720 PV(C3) = $7 25, 000 / (1 .1 655 )3 = $ 457 ,932 PV(C4) = $1,062 ,50 0 / (1 .1 655 )4 ... - 50 0 50 0 50 0 50 0 5. Taxes at 35% - 1 75 1 75 1 75 1 75 6. Net income [4 -5] 0 3 25 3 25 3 25 3 25 7. Cash flow from operation [1-2 -5] 0 7 25 7 25 7 25 7 25 8. Initial Investment -2000 - - - 237 .5* ... Depreciation - 2 ,50 0 2 ,50 0 2 ,50 0 2 ,50 0 4. Income before tax [1 -(2 +3)] - 2 ,50 0 2 ,50 0 2 ,50 0 2 ,50 0 5. Taxes at 34% - 850 850 850 850 6. Net income [4 -5] 0 1, 650 1, 650 1, 650 1, 650 7. Cash flow...