Original Machine Sinitial cost = 94210 SAnnual depreciation = 10876 SPurchased 5 years ago SBook Value = 40321 $Salvage today = 44139 SSalvage in 5 years = 7684 New Machine Sinitial cost = 200000 $5-year life $Salvage in 5 years = 0 $Cost savings = 80000 per year $3-year MACRS depreciation Required return = 15% Tax rate = 38% Shall we go and buy the new machine? submit the solution on Excel Question 6 0.5 Points Steve purchased 300 shares of Alpha Beta stock on May 9. On May 15, he purchased another 200 shares and then on May 22 he purchased a final 400 shares of Alpha Beta stock. The company declared a dividend of $1.60 a share on April 30 to holders of record on Friday, May 23. The dividend is payable on June 2. How much dividend income will Steve receive on June 2 from Alpha Beta? A $1,440 B $800 . $0 D $1,200 E $480 Original Machine Sinitial cost = 94210 SAnnual depreciation = 10876 SPurchased 5 years ago SBook Value = 40321 $Salvage today = 44139 SSalvage in 5 years = 7684 New Machine Sinitial cost = 200000 $5-year life $Salvage in 5 years = 0 $Cost savings = 80000 per year $3-year MACRS depreciation Required return = 15% Tax rate = 38% Shall we go and buy the new machine? submit the solution on Excel Question 6 0.5 Points Steve purchased 300 shares of Alpha Beta stock on May 9. On May 15, he purchased another 200 shares and then on May 22 he purchased a final 400 shares of Alpha Beta stock. The company declared a dividend of $1.60 a share on April 30 to holders of record on Friday, May 23. The dividend is payable on June 2. How much dividend income will Steve receive on June 2 from Alpha Beta? A $1,440 B $800 . $0 D $1,200 E $480