You are considering constructing a new plant in a remote wilderness area to process the ore from a planned mining operation. you anticipate that the plant will take a year to build and cost $ 105 million upfront. once built, it will generate cash flows of $ 18 million at the end of every year over the life of the plant. the plant will be useless 20 years after its completion once the mine runs out of ore. at that point you expect to pay $ 255 million to shut the plant down and restore the area to its pristime state. using a cost of capital of 12 %: , what is the npv of the project? is using the irr rule reliable for the project? what are the irr's of the project

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."