2-46 A profitable wood products corporation is A considering buying a parcel of land for $50,000, building a small factory building at a cost of $200,000, and equipping it with $150,000 of MACRS 5-year-class machinery If the project is undertaken, MACRS deprecia- tion will be used. Assume the plant is put in service October 1. The before-tax net annual benefit from the project is estimated at $70,000 per year. The analysis period is to be 5 years, and planners assume