Case Study You have recently been employed as Deputy General Manager with Tartan Knitwear Limited, a publicly listed knitwear company operating out of factory premises in Kingsland, Auckland. The company owns and operates computer-controlled knitting machines that produce men's and women's fashion clothing distributed domestically and internationally through high-end retail outlets. In order to meet demand, the company is considering the purchase and import of a new piece of knitting machinery and the General Manager has suggested that, for you to get to know the company in more depth it would be a good idea if you joined the finance team in its evaluation of this significant capital investment project. Two alternatives are available in the market: The first, from a Korean manufacturer, is the most expensive but is a machine that "does it all requiring very little manual intervention in the production process and consequently saving considerably on annual operating expenses. It is designed using technology that has not been seen or used before by Tartan and the owners are concerned that this may create a level of riskiness that they are unfamiliar, and maybe a little uncomfortable with. The second, manufactured in Germany, employs more traditional technology, is less sophisticated, requiring more manual intervention during the production process, and hence incurs higher running costs, but is seen as safer option. There is sufficient demand at the moment to justify the purchase of only one of the machines In order to assess the financial viability of either machine, the finance team is to undertake a project financial analysis and provide the General Manager with information that will assist in making a decision about which machine to purchase. In order to do this you and the finance team have gathered some information (contained in the attached Appendices 1 - 6) that you intend to use in an Excel spread-sheet based analysis which will address the following tasks