QUESTION 4 The Advanced Technology Corporation (ATC) makes customised robotic machine that can be purchased for $100,000. Max Manufacturing Ltd. has determined that it needs a new machine and the ATC model will save $60,000 per year for Max Manufacturing Ltd., by reducing human resource cost for the next 5 years. Max Manufacturing Ltd. has a corporate tax of 21%. Assume that 5 years straight line depreciation is used for the robotic machine and the machine will be worthless after 5 years. Excel Leasing Corporation has offered to lease the same pipe-boring machine to Max Manufacturing Ltd. for $25,000 per year for 5 years. Cost of borrowing is 6.329%. Determine for Max Manufacturing Ltd. to buy or lease the customised robotic machine. (25 marks)