Question 2 (25 points) Your firm is planning to install a CNC machine for manufacturing finished plastic parts. This machine has an initial cost of $1,000,000 and is expected to generate net income of $325,000 per year for the next 4 years. Using 40% bonus depreciation followed by MACRS depreciation, $50,000 salvage value, a federal tax rate of 21%, a state tax rate of 5%, and an after-tax MARR of 6%, determine the net present worth of this investment. Year 0 1 2 3 4 Before-Tax Cash Flow Depreciation Taxable Income Year Income Taxes After-Tax Cash Flow Present Worth 0 1 2 3 4 Net present worth