Maintain integrity and compliance policy of NJIT NO Cell/Internet/Moodle b. Engineering Company bought a laser cutting machine at a cost of $500,000 to meet the specific needs of customer that had given a 6-year contract with the possibility of extending the contract for another 4 years. The customer decided not to renew the contract after 4 vears. The company got $100 k for breaching the contract. The company ended up selling the machine for $150,000. The company uses the MACRS depreciation method for this equipment as a 7-year property for tax purposes. The machine generated $100,000 annual income for 4 years. The income tax rate for the company is 35%. The company expects an after-tax rate of return of 10% in all its investments, was this investment worthy? Maintain integrity and compliance policy of NJIT NO Cell/Internet/Moodle b. Engineering Company bought a laser cutting machine at a cost of $500,000 to meet the specific needs of customer that had given a 6-year contract with the possibility of extending the contract for another 4 years. The customer decided not to renew the contract after 4 vears. The company got $100 k for breaching the contract. The company ended up selling the machine for $150,000. The company uses the MACRS depreciation method for this equipment as a 7-year property for tax purposes. The machine generated $100,000 annual income for 4 years. The income tax rate for the company is 35%. The company expects an after-tax rate of return of 10% in all its investments, was this investment worthy