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need solution with steps or excel with the equations please the final answer is 26089 Your company has asked you to consider the purchase of

need solution with steps or excel with the equations please
the final answer is 26089 image text in transcribed
"Your company has asked you to consider the purchase of a new machine for a project. Details of this potential purchase are provided below. -The project life is 3 years. The machine costs $228,000. * You have decided your company will pay cash for half of this machine immediately, and will borrow the remaining half at 7% annual rate compounded annually over 3 years. * The machine will be depreciated using a seven year MACRS approach. Annual O&M costs (expenses) of the machine are $22,000. Annual labor savings (revenues) are $119,000. Salvage value at the end of year 3 will be $59,500. Working capital requirement is initially $30,000. Any investment in working capital will be recovered at the end of the project. Assume an income tax rate and gains tax rate of 21%. Find the NPW of this project based on a MARR of 13%

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