Question 4 20 points Save Answer Normrac Corp is considering a five- year project to improve its production efficiency. Buying a new machine press for $325,000 is estimated to result in $120,000 in annual pre-tax cost savings. The press falls into Class 8 for CCA purposes (CCA rate of 20% per year), and it will have a salvage value at the end of the project of $49,000. The press also requires an initial investment in spare parts inventory of $22,000, along with an additional $3,100 in inventory for each succeeding year of the projects. If the company's tax rate is 45% and its discount rate is 8%, should it buy and install the machine press? (2pts) Show your work (16 pts) and explain why (2pts) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt EV Ev A E ... (+] i ()