2. A lawn equipment company is considering a capital budgeting project to introduce a new leaf blower. The cost of new manufacturing machinery will be $580.000 and it will cost $10,000 to install the equipment. The workers will need to be trained to operate the machines and the training costs will be another $10,000. Though the new assets are classified as 5-year life under MACRS depreciation, the company intends to make this only a 4-year project and expects the salvage value at end of year 4 of these assets will be $150,000. Annual fixed costs will be $20,000 per year and are expected to remain the same for all 4 years. Initial investment in net working capital (NWC) is expected to be $50,000 and then be 10% of the next year's sales. The firm's marginal tax rate is 34% and they have a WACC of 10.25%. Should they invest in this project or not? [PLEASE show all work for full credit; just the answer will receive barely a passing gradel] ( 30 pts.) MACRS 5-YEAR \% FOR YEARS 1-4 ARE AS FOLLOWS: 20.00%:32.00%:19.20%:11.52%