A H Telsa Inc. has recently branched out and entered the pizza game. After 1 year its clear Elon Musk needs help as his costs of running Tesia Pizzas are much greater than revenues. Elon decides to hire Papa John on a 3-year contract as he has the Pizza know-how and is in need of a job, apparently, His salary is $70,000 per year (paid at end of year) and Elon expects John to reduce expenses by $25,000 per year for the 3 years of his hire, In lead up to his start date with Tesia, Papa John invented a Pizza-wielding robot costing $45,000 with a useful life of 10 years and a disposal value of $6,000 at the end of 10 years. The robot is depreciated using the straight line depreciation method. This robot will now replace a salesperson that was paid $28,500/year. The required rate of return on any investment for the Pizza division is 12% Income tax rate is 30% Based on the Net Present Value of the investment should Elon pursue hiring Papa John which comes with the Pizza robot? (24 marks) Present Value Before Taxes New Total After Taxes Present Value After Taxes Inflow /Outflow (168.128.19 $ 49,000.00 $ (117,589.73) Outflow Inflow/Outflow to find Present Value Papa John's Salary $70.000/year - 3 Years Cost Savings 525.000/year - 3 Years Cost of Robot $45,000 Tax Savings from Depreciation of Robot - 10 Years Cost Savings from Robot of $28,500/year - 10 Years Disposal value of Robot after 10 years of $6,000 Net Present Value Pursue Hiring? Yes or No