Question 8 (5 points) A company just purchased a new manufacturing machine at a cost of $280,000 today. The machine will require an immediate expense of $20,000 for installation and delivery. The company will depreciate the machine using a 5-year MACRS schedule. What will the depreciation be for this machine in the first year? $72,000 O $80,000 O $56,000 O $60,000 O $64,000