The A-2020 Chip Company is looking to add a new spice machine to increase the number of flavors that can be offered to their customers. The new machine will cost $750,000 and will be depreciated straight line to zero over the 3 year life of the machine. There is no salvage value. The company believes this will save the firm 350,000 per year in pre-tax operating expenses. The new machine will require 10,000 in net working capital today. That cost will be recovered when the project ends. The company has a tax rate of 2596 and will use a 10% discount rate to evaluate the project. What is the cash flow at time 0? machine + nwc Use the tax shield approach to determine operating cash flow depreciation expense tax savings from depreciation operating costs savings after-tax cash flow from operations Solve for net present value- show all calculator inputs cfo = c01 CO2- 003 = nov = Should the project be accepted or rejected