Problem 5 Espanola Corporation is considering the purchase of a machine that costs $2,200,000. The machine is expected to generate revenues of $630,000 per year for 5 years. The machine would be depreciated using the straight-line method over a five-year life and have a $90,000 residual value. The company has a 16% income tax rate and desires a rate of return of 12% on its investment. REQUIRED: A. Compute the net present value of the machine. B. Based on your calculations in A, should Espanola invest in the machine and why or why not