A division ot Sunland City Highlands Manufacturing is considering purchasing a machine for $1,680,000 that automates the process of inserting electronic components onto computer motherboards. The annual cost of operating the machine will be $56,000, but it will save the company $414,000 in labor costs each year. The machine will have a useful life of 10 years, and its salvage value in 10 years is estimated to be $336,000. However, for tax purposes the initial purchase price of the machine will be depreciated straight-line to zero. If the marginal corporate tax rate is 32 percent and the appropriate discount rate is 12 percent, what is the NPV of this project? (Do not round discount factor. Round intermediate calculations and final answer to 0 decimal places, e.g. 5,275.) NPV of the project Carla Vista Corporation just purchased computing equipment for $23,000. The equipment will be depreciated using a five-year MACRS depreciation schedule. If the equipment is sold at the end of its fourth year for $18,000, what are the after-tax proceeds from the sale, assuming the marginal tax rate is 30 percent? (Round answer to 2 decimal places, e.g. 5, 275.25.) EXHIBIT ' MACRS Depreciation Schedules by Allowable Recovery Period The MACRS schedule lists the tax depreciation rates that firms use for assets placed into service after the Tax Reform Act of 1986 went into effect. The table indicates the percentage of the cost of the asset that can be depreciated in each year during the period that it is being used. Year 1 is the year in which the asset is first placed into service