Harrison Inc. is considering the purchase of a new rendering machine for its animation facility. The machine costs $31,003 and is expected to have a useful life of eight years. with a terminal disposal value of $21 ,iil]. The plant manager estimates the following savings in cash operating costs are expected to he iti per year. However, additional working capital is needed to maintain the operations of the rendering machine. The working capital must continually be replaced, so an investment of Siam} needs to be maintained at all times, but this investment is full recoverable {will be \"cashed in") at the end of the useful life. Harrison Inc's required rate of return is i'i'iu. Ignore income taxes in your analysis. Assume all cash ows occur at yearend except for initial investment amounts. Harrison Inc. uses straightline depreciation for its machines. 5 [Click the icon to view the present value of i1 fa ctors.) El [Click the icon to view the present value annuity of $1 fa ctors.) m uired