b) (3+1+3) You are considering a new investment project, which lasts for three years. The project requires a purchase of a new machine, which costs $300,000. This initial investment can be depreciated to zero over the next three years according to a straight line depreciation rule. The machine has no salvage value at the end. Operating revenue is projected to be $200,000 per year. Operating costs for raw materials are $50,000 The corporate tax rate is 30% and the risk-adjusted discount rate is 10%. (i) Compute after-tax cash flows every year. (ii) Should we take the project and why? (iii) Suppose that you need to purchase an inventory of raw materials now (year 0) instead of year by year in the next three years. This will require an initial expense of $150,000 in inventory, which will then be depleted, by equal amount every year in the next three years. How would your answers to the above questions change