Lem E Tweakit Inc. is considering the purchase of a new magic marker machine. This machine will reduce

manufacturing costs by $$6,000$ annually. The new machine will be in CCA class $8($d $=20\%).$ The firm expects to sell

the machine at the end of its $5-$year life for $$10,000.$ The firm also expects to be able to reduce net working capital

by $$18,000$ when the machine is installed. The firm$$s marginal tax rate is $40\%$ and it uses a $12\%$ cost of capital to

evaluate projects of this nature. If the machine costs $$60,000$ what is the NPV of the project?

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