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(New prgect analysis) Rsymoble. Mofors is considering the purchase of a new producton machine for $550,000. The purchase of this machine will resut in an

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(New prgect analysis) Rsymoble. Mofors is considering the purchase of a new producton machine for $550,000. The purchase of this machine will resut in an increase in narnings before interest and taxes of $120,000 per year. To operate this machine properly, workers would have to go through a brief training session that would cosi $25,000 afler taxes. If would cost $5,000 to install the machine properly. Also, because the machine is extremely efficient, Ats purchase would necessitate an increase in inventory of 540,000 . This machine has an expected ile of 10 year, anter which 8 . Will have no salvage value. Assume simplifed straight-line depreciaton and that this machinet is being depreciated down to zero, a 36 percent marginal tax rate, and a required rate of return of 17 percent. a. What is the intial outlay associated with this project? b. What are the annual affer-tax cash flows associated with this project for years 1 through 9 ? c. What is the terminal cash flow in year 40 (what is the annual ater-tax cash fow in year 10 plus any additional cash fows associated with the termination of the project)? d. Should the machine be purchased? a. What is the intial outay associated with this project? (Round ta the nearest dolar.) b. What are the annual after-tax cash fows associated with this project for years 1 through 9 (note than the cash lows for years 1 through 9 are equal)? (Round to the nearest dollar) c. What is the terminal cash flow in year 10 (what is the annual ather-tax cash flow in year to plus any addsional cash fows associated with the terminason of the project)? (Round to the nearest doliat.) d. What is the project's NPV given a required rate of retum of 17 percent? (Round to the nearest dollar.) Should the machine be purchased? (Select the best choice below.) A. Yes. The projects NPV is postive. B. No. The project's NPV is negative

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