A lithium battery component manufacturing company offers to

to purchase a new assembly machine which will allow it to reduce its costs

annually of $$500,000$ before taxes.

Its operating cost, including maintenance, is estimated at $$75,000$ per year.

The company will use it for $6$ years, at the end of which its salvage value will be

zero, because it is estimated that new, more efficient technologies will be

available.

The machine belongs to category $43,$ to which a CCA rate of $30\%$ applies.

Its tax rate is $40\%.$

If the company targets a rate of return of $12\%$ after tax, how much can it

allow you to pay for this machine?