Berkley Plastics Ltd. Is planning to invest in a new injection press for $1.2 million. The press will cost $40,000 per year to operate but will save the company $140,000 in yearly labor costs. The press will be used for 10 years and depreciated on a straight-line basis over the 10 years to a salvage value of $200,000. The actual market value of the press at the end of 10 years will be equivalent to the salvage value. If the discount rate is 10% and Berkleys tax rate is 23%. (a) What is the NPV of buying the press? (b) Should Berkley invest in the new press? (Yes or No)