An integrated, combined cycle power plant produces 285 mw of electricity by gasifying coal. the capital investment for the plant is $570 million, spread evenly over two years. the operating life of the plant is expected to be 20 years. additionally, the plant will operate at full capacity 75% of the time (downtime is 25% of any given year). revenue is estimated to be 3 cents/kwhr. a. if this plant will make a profit of two cents per kilowatt-hour of electricity sold to the power grid, what is the simple payback period of the plant? is it a low-risk venture? b. what is the irr for the plant? is it profitable? a. the simple payback period of the plant is years. it's a venture. b. the irr for the plant is %. (round to one decimal place.) the plant is .

Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."