Problem 1 (Park, Zuo, Pelot, Contemporary Engineering Economics, A Canadian Perspective, Third Canadian Edition, 2012 question 8.15, page 467) Problem 3 from Review Session 1 The Harris Foundry Company purchased new casting equipment in 2004 at a cost of $180,000. Harris also paid $35,000 to have the equipment delivered and installed. The casting machine has an estimated useful life of 12 years, and it will be depreciated as a Class 43 asset (CCA rate = 30%). (a) What is the capital cost of the casting equipment? (b) What will be the CCA each year for the life of the casting equipment? (c) Assume this equipment will result in savings of $15,000 per year. If the tax rate is 45%, what is the present worth of this investment? and the after-tax MARR is 10%