9:16\"'E 6 Week 3 Discussion Evaluation of a New Office Machine The Cosmo K Manufacturing Group currently ) has sales of $1,400,000 per year. It is considering the addition of a new office machine, which will not result in any new sales but will save the company $105,500 before taxes per year over its 5-year useful life. The machine will cost $300,000 plus another $12,000 for installation. The new asset will be depreciated using a modified accelerated cost recovery system (MACRSJ 5- year class life. It will be sold for $25,000 at the end of 5 years. Additional inventory of $11,000 will be required for parts and maintenance of the new machine. The company evaluates all projects at this risk level using an 11.99% required rate of return. The tax rate is expected to be 35% for the next decade. Tasks: Answer the following questions: . What is the total investment in the new machine at time = 0 (T = 0)? . What are the net cash flows in each of the 5 years of operation