Simon Machine Tools Company is a Canadian-controlled manfacturingcompany loacted in London, Ontario. It is considering the purchase of a new grinding machine to process special orders. The following financial information is available.

solve a),b),c) of the question.

Please show the detailed solution. Excel is also accepted.

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UI investmel II 30. a) What is the increment in income tax due to the purchase of the new machine in % tax year 1? (b) What is the incremental tax rate due to the purchase of the new equipment in year 1? lo 17 Simon Machine Tools Company is a Canadian-controlled manufacturing company located in London, Ontario. It is considering the purchase of a new grinding ma chine to process special orders. The following financial information is available. Without the projectThe company expects to have taxable income of $500,000 each year from its regular business over the next three years. With the project: This three-year project requires the purchase of a new grinder at a cost of $50,000. The equipment falls into CCA Class 43. The grinder will be sold at the end of project life for $10,000. The project will be bringing in an additional annual revenue of $80,000, but it is expected to incur additional annual operating costs of $20,000. (a) What are the additional taxable incomes (due to undertaking the projectduring years 1 through 3, respectively? (b) What are the additional income taxes (due to undertaking the new orders) during years 1 through 3, respectively? (c) Compute the disposal tax effect when the asset is disposed of at the end of year 3, purchased 18 A company a new forging machine to manufacture disks for airplane turbine engines. The new press cost $3500,000, and is considered a CCA Class 43