A company is considering an investment. A new machine will cost $500,000, it will be depreciated MACRS for five years, we are assuming no salvage value and no sale of the machine after six years. Labor will cost an additional 50,000 per year, materials will cost 20,000 per year. Please use the general cash flow spreadsheet to enter the information. If the MARR equals 10%, is this project worth it?

Edit: Treat any "savings" as income