4. A firm purchased a machine with a life of four years. Depreciating the machine using straightline depreciation over the four years yields an NPV=$10. The initial investment was $1000, cost of capital =15%, and tax rate =34%. If the firm is allowed to depreciate the machine under the MACRS 3-year class, what will be the new net present value? Assume losses, if any, will save taxes on-ther operations of the company. MACRS Depreciation Table