Consider the following financial information about a new machine at a computer manufacturing company: The machine costs $340,000 and has a five-year service life. The machine will be depreciated using MACRS 3-year class property. At the end of the project life, the machine will be sold at $50,000. The firm will invest $58,000 in working capital (fully recoverable at the end of the project life). The expected revenues are $220,000 in year 1, and they increases $40,000 every year thereafter (i.e., every year the revenues are $40,000 more than in the previous year). Operating and maintenance costs are $65,000 annually. The firm will ask for a loan to finance 50% of the machine cost at an interest rate of 10%. The firm is required to repay the loan with five equal annual payments. The firm's tax rate is 35%. The firm's MARR is 12%. With the above information, compute the present worth for this project. Is this a good investment? Why? Explain your answer clearly. Show all your calculations and explain every step. Always use factor notation. Complete the income and cash flow statements. You need to submit both statements plus all the calculations involved in the numbers you introduce in these statements. Income Statement loli12345 Revenues Expenses O&M Depreciation Debt Interest Taxable income Income Taxes Net Income Cash Flow Statement 011121314151 Operating Activities Net Income Depreciation Investment Activities Investment Salvage Value Gains Tax Working capital Financing Activities Borrowed Funds Principal Payment Net Cash Flow