eEgg is considering the purchase of a new distributed network computer system to help handle its warehouse inventories. The system costs $40,000 to purchase and install and $29,000 to operate each year. The system is estimated to be useful for four years. Management expects the new system to reduce by $50,000 a year the cost of managing inventories. The firm's cost of capital is 9% Required: 1. What is the net present value (NPV) of the proposed investment under each of the following independent situations? (Use the appropriate present value factors from Appendix C TABLE 1 and Appendix C. TABLE 2.) a. The firm is not yet profitable and pays no taxes. (Round your answer to nearest whole dollar amount.) Net present value $ 28,040 b. The firm is in the 27% income tax bracket and uses straight-line depreciation with no salvage value. Assume MACRS rules do not apply. (Round your answer to nearest whole dollar amount.) et present value 18,417 eEgg is considering the purchase of a new distributed network computer system to help handle its warehouse inventories. The system costs $40,000 to purchase and install and $29,000 to operate each year. The system is estimated to be useful for four years. Management expects the new system to reduce by $50,000 a year the cost of managing inventories. The firm's cost of capital is 9% Required: 1. What is the net present value (NPV) of the proposed investment under each of the following independent situations? (Use the appropriate present value factors from Appendix C TABLE 1 and Appendix C. TABLE 2.) a. The firm is not yet profitable and pays no taxes. (Round your answer to nearest whole dollar amount.) Net present value $ 28,040 b. The firm is in the 27% income tax bracket and uses straight-line depreciation with no salvage value. Assume MACRS rules do not apply. (Round your answer to nearest whole dollar amount.) et present value 18,417