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Johnson Products is considering purchasing a few milling machine that costs $130,000. The machine's installation and shipping costs will total $4,000. If accepted, the milting

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Johnson Products is considering purchasing a few milling machine that costs $130,000. The machine's installation and shipping costs will total $4,000. If accepted, the milting machine project witl require an initial net working capitat investment of $30,000. Johnson plans to depreciate the machine on a straightline basis over a period of 8 years. About a year ago, Johnson paid $4,000 to a consulting firm to conduct a feasibility study of the new milling machine. Johnson's marginal tax rate is 40 percent. a. Calculate the project's net investment (NINV). Round your answer to the nearest doliar. 5 b. Calculate the annual straight-line depreciation for the project. Round your answer to the nearest cent. $ C. Calculate MACRS depreciation assuming this is a 7-year class asset. Use Table 9A3 to answer the question. Round your answers to the nearest dollar

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