2) 2. The Hub Store at a university in eastern Canada is considering similar to those used in many wages to students totalling $65,000 per year. A self-serve checkout machine grocery stores and other retail outlets. Currently the university pays part-time r year. The machine would cost $440,000 and has a 10-year useful life. Total student wages by costs of operating the the pe would be $7,000 per year, including maintenance Major e would be needed on the machine in five years at a total cost of $12,000 The salvage value of out machine in 10 years would be $50,000 The CCA rate la 25% Management requires a 10% after-tax return on all equipment purchases The company's tax rate is 30% 1. Determine the before-tax net annual cost savings that the new checkout machine will provide. Net annual c $38,000 present value (Hint Use Microsoft Excel to calculate the factor(s)) (Do not round termediate calculations and round your final answer to the nearest dollar amount. Negative value should be indicated with minus sign.J pre 2-b. Would you recommend that the machine be purchased? Yes No eBook & Resources