Please show all of the calculation processes.

Crazy Mama manufactures baby furniture, clothing, strollers, and accessories. In the current year the company plans on purchasing a new machine to improve the quality and efficiency of production. Crazy Mama has prepared estimates of future cash flows over the following four years, at which point it will sell the machine for $10,500. The company focuses on tax minimization and calculated depreciation over the four years using the straight-line method, a useful life of four years, and a residual value of $0. (Click the icon to view the future cash flows.) (Click the icon to view the present value of $1 factors.) (Click the icon to view the present value annuity of $1 factors.) Required Requirement 1. Calculate the net present value of the investment. (Use factors to three decimal places, X.XXX. Use a minus sign or parentheses for a negative net present value. Round your final answer to the nearest whole dollar.) The net present value of the investment is $ (107,654) Requirement 2. Should the company purchase the new machine? The company should not purchase the machine because the NPV is negative. Relevant Cash Flows at End of Each year Today - 1 2 3 (228,000) 4 Initial investment Annual cash flows from operations (excluding depreciation) Cash flow from sale of machine 29,000 29,000 29,000 29,000 10,500 Required return on investment 8% Income tax rate 30% Depreciation method CCA rate declining balance for income tax purposes ALL CF occur at end of year except for the initial investment. Present Value of $1 PE In this table S-S1. Periods 8% 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% Periods 2% 0.980 0.961 0.942 0.924 0.906 0.888 0.871 0.853 0.837 0.820 0.804 0 0 0 0.788 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 0.703 0.676 0.650 0.625 0.601 0.577 0.555 0.534 0.513 0.494 0.475 0.456 0.439 0.422 0.406 0.390 0.375 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 0.592 0.558 0.527 0.497 0.469 0.442 0.417 0.394 0.371 0.350 0.331 0.312 0.294 0.278 0.262 0.247 0.233 0.926 0.909 0.893 0.857 0.8260.797 0.794 0.751 0.712 0.735 0.683 0.636 0.681 0.621 0.567 0.630 0.564 0.507 0.583 0.513 0.452 0.540 0.467 0.404 .500 0.424 0.361 0.463 0.386 0.322 0.429 0.350 0.287 0.397 0.319 0.257 0.368 0.290 0.229 0.340 0.263 0.205 0.315 0.239 0.183 0.292 0.218 0.163 0.270 0.198 0.146 0.250 0.180 0.130 0.232 0.164 0.116 0.215 0.149 0.104 0.1990.135 0.09 0.184 0.123 0.083 0.170 0.112 0.074 0.158 0.102 0.066 0.146 0.092 0.059 0.862 0.743 0.641 0.552 0.476 0.410 0.354 .305 0.263 0.227 0.195 0.168 0.145 0.125 0.108 0.093 0.080 0.069 0.060 0.051 0.877 0.769 0.675 0.592 0.519 0.456 0.400 0.351 0.308 0.270 0.237 0.208 0.182 0.160 0.140 0.123 0.108 0.095 0.083 0.073 0.064 0.056 0.049 0.043 0.038 0.773 0.758 0.743 0.728 0714 0.700 0.686 1.673 0.660 0.647 0.634 0.622 0.610 0.847 0.833 0.7180.694 0.609 0.579 0.516 0.482 0.437 0.402 0.370 0.335 0.3140.279 0.266 0.233 0.225 0.194 0.191 0.162 0.162 0.135 0.137 0.112 0.116 0.093 0.099 0.078 0.084 0.065 0.071 0.054 0.060 0.045 0.051 0.038 0.043 0.031 0.037 0.026 0.031 0.022 0.026 0.018 0.022 0.019 0.013 0.016 0.010 0.820 0.672 0.551 0.451 0.370 0.303 0.249 0.204 0.167 0.137 0.112 0.092 0.075 0.062 0.051 0.042 0.034 0.028 0.023 0.019 0,015 0.013 0.010 0.008 0.007 0.806 0.650 0.524 0.423 .341 0.275 0.222 0.179 0.144 0.116 0.094 0.076 0.061 0.049 0.040 0.032 0.026 0.021 0.017 0.014 0.011 0.009 0.007 0.006 0.005 40% 0.758 0.714 0.574 0.510 0.435 0.364 0.329 0.260 0.250 0.186 0.189 0.133 0.143 0.095 0.108 0.068 0.082 0.048 0.062 0.035 0.047 0.025 0.036 0.018 0.027 0.013 0.021 0.009 0.016 0.012 0.005 0.0090.003 .007 0.002 0.005 0.002 0.004 0.001 0.003 0.001 0.002 0.001 0.000 0.001 0.000 0.001 0.000 0.794 0.781 0.769 0.630 0.610 0.592 0.500 0.477 0.455 0.397 0.373 0.350 0.315 0.291 0.269 0.250 0.227 0.207 0.1980.178 0.159 0.157 0.139 0.123 0.125 0.108 0.094 0.099 0.085 0.073 0.079 0.066 0.056 0.062 0.052 0.043 0.050 0.040 0.033 0.039 0.032 0.025 0.031 0.025 0.020 0.025 0.019 0.015 0.020 0,015 0.012 0.016 0.012 0.009 0.012 0.0090.007 0.010 0.007 0.008 0.006 0.004 0.006 0.004 0.003 0.005 0.003 0.002 0.004 0.003 0.002 0.003 0.002 0.001 0.006 0 0.038 0.003 0.028 0.024 Present Value of Annuity $1 in Arrears* Pe- Po= 1- 1 1 - 11+ Periods 2% 6% 8% 10% 12% 14% 16% 18% 20% 22% 30% Periods 0.769 1.361 1.816 2.166 2.436 2.643 0.758 1.331 1.766 1.766 2.096 2.345 2.534 2 2677 5.335 10 0.980 0.962 0.943 0.926 0.909 0.893 0.877 0.862 0.847 0.833 1.942 1.886 1.833 1.783 1.736 1.690 1.647 1.605 1.566 1.528 2.884 2.775 2673 2.577 2.487 2.4022.322 2.246 2.174 2.106 3.808 3630 3.4653 312 3.170 3,037 2914 2.7982690 2.5892 4.713 4.452 4.212 3.993 3.791 3.605 3.433 3.274 3.127 2.991 2 5.601 5 2424 .917 4.623 4.355 4.111 3.889 3 .685 3.498 3.326 6.472 6.002 5.5825.206 4.868 4.5644.288 4.0093.812 3.605 7.325 6.733 6.210 5.747 4.968 4.639 4.344 4.078 3.837 8.162 7.435 6.8026.247 5.759 5.328 4.946 4.607 4.303 4.031 8.993 8.111 7360 6.710 6.145 5.650 5 .216 4833 4.494 4.192 3 9.787 8.760 7.887 7.139 6.495 5.938 5.453 5.029 4.656 4.327 10.575 9.385 8.384 7.536 6.814 6.194 5.680 5.197 4.79 4.439 11.348 9.986 8.853 7.904 7.100 6.424 5.842 5.342 4.910 4.533 12.106 10.563 9.295 8.244 7.367 6.628 6.002 5.4685 .008 4.611 4 12.849 11.118 9.712 8.559 7.606 6.811 6.142 5.575 5.092 4.675 13.578 11.652 10.106 8.851 7.824 6.9746.265 5.668 5.162 4.730 14.292 12.166 10.477 9.122 8 .022 7.120 6.373 5.749 5.222 4.775 14.992 12.659 10.828 9.3728.2017.250 6.467 5.818 5.2734.812 15.678 13.134 11.158 9.604 8.365 7.366 6.550 5.877 5.316 4.843 16.35113,590 11.470 9.818 8.514 74696 .623 5.929 5.353 4.870 17.011 14.029 11.764 10.017 8.6497 .562 6.687 5.973 5.384 4.891 17.658 14.45112042 10.201 8.772 7.645 6.743 6.011 5.410 4.909 18.292 14.857 12.303 10.3718.883 7.718 6.7926.044 5.432 4.925 18.914 15.247 12.550 10.52989857.784 6835 6.073 5451 4.937 0.820 1.492 2.042 .494 .864 3.167 3.416 3.619 3.786 .923 4.035 4.127 4.203 .265 4.315 4.357 4.391 4.419 4.442 4.460 4.476 4.488 4.499 4.507 24% 26% 28% 0.806 0.794 0.781 1.457 1.424 1.392 1.981 1.923 1.868 2.404 23202 241 2.745 2.635 2.532 3.020 2.885 2.759 3.24230832.937 3.421 3.2413.076 3.566 3.366 3.184 3.682 3.465 3.269 3.776 3.543 3.335 3.851 3.606 3.387 3.912 3.656 3.427 3.962 3.695 3.459 4.001 3.726 3.483 4.033 3.751 3.503 4.059 3.771 3.518 4.080 3.786 3.529 4.097 3.799 3.539 4.110 3.808 3.546 4.121 3.816 3.551 4.130 3.822 3.556 4.137 3.827 3.559 4.1433831 3.562 2.925 3.019 3.092 3.147 3.190 3.223 3.2493 3.268 3.283 3.295 3304 3.311 3.316 3 3.320 3.323 3.325 3327 16 40% 0.714 1224 1.589 1.849 .005 2.168 2.263 2.331 2.379 2414 2438 2.456 2.469 2.478 2.484 2.489 2.492 2.494 2.496 2.497 2.498 2.498 2.499 2.499 2.786 2.868 2.930 2.978 3.013 3.040 .061 3.076 3.088 3.097 3.104 3.109 .113 3.116 3.118 3.120 3121 18 2 20 21 0 21