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Show work using financial calculator not excel please. 8. The president of your company, ECheeze Enterprises, has asked you to evaluate the proposed acquisition of

Show work using financial calculator not excel please.
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8. The president of your company, ECheeze Enterprises, has asked you to evaluate the proposed acquisition of a new cheese fountain for the firm's R&D department. The equipment's basic price is $75,000, and it would cost another $25,000 to modify it for special use by your firm. The cheese fountain, which falls into the MACRS 3-year class, would be sold after 3 years for $30,000. The MACRS rates for the first three years are 0.3333, 0.4445, and 0.1481. Use of the equipment would require an increase in net working capital (spare parts inventory) of $5,000. The machine would have no effect on revenues, but it is expected to save the firm $30,000 per year in before-tax operating costs, mainly the intense labor needed to make liquid cheese. The firm's marginal tax rate is 25%. (16) What is the Year-0 cash flow? What are the cash flows in Years 1, 2, and 3 (specifically show the additional, nonoperating costs that come in the final year, year 3)? If the project's cost of capital is 9%, should the cheese fountain be purchased? Explain/show why or why not

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