A factory is considering the purchase of a new machine for one of its units. The machine costs $$100,000$ and will be depreciated on a straight$-$line basis over its $10-$year life to a salvage value of zero. The machine is expected to save the company $$50,000$ annually but in order to operate it$,$ a new employee with annual salary of $$20,000$ needs to be hired. The corporate tax rate is $35\%$ and the discount rate is $8\%.$ What is the net annual savings before tax?

Question $8$ options:

$$20,000$

$$0$

$$40,000$

$$10,000$