Please answer NOT using excel, but using Tax Shield approach & PVCCATS.

A company is looking at replacing its existing manufacturing machine with a new machine that is more efficient. The new machine has an installed cost of $400,000. This new machine is depreciated at a declining balance CCA rate of 20%, has a 5 -year life, and can be sold for $30,000 at the end of its life. The new machine will save the company $95,000 per year in operating costs, and there is an initial investment in net working capital required of $15,000 that will be recovered at the end of the project. The existing machine today has a market value of $20,000 and would be expected to have a salvage value of $10,000 at the end of 5 years. The tax rate is 35% and the discount rate is 10%. Should the project be accepted