The following information pertains to the remaining Questions [15-21]. Assume evening is given in CONSTANT dollars unless otherwise stated: Hartseld Company is considering purchasing a set of machine tools at a cost of $60,000. The purchase is expected to generate revenues of $18,000, increasing by 10% each year directly due to increased efciency. The purchase of the tools will also lead to increased operating costs of$4,000 per year in each of the next three years. Additional prots will be taxed at a rate of 40%. The asset falls into {10A Class 4-5 [rate = 20%) for tax purposes and the 50% rule applies. The project has a three- year life. The constant-dollar market [re-sale] value of the machine tools is expected to fall by 25% annually [for example: the resale value at n=1 would be $45,000 in constant dollars]. The machine tools will be purchased 75% on debt [T5941 of the cost will be borrowed]. The debt will be paid off in equal annual payments over the life of the project. The interest rate on the debt was negotiated at 12% annually. The general ination rate is ?% per year [and affects everything that it normally affects]. Assume a MARR' =5%. [Remember to round up / down to whole dollar figures for EVERY entry in the income statement and cash ow statement. Solutions are also rounded to the nearest dollar. Note: .5 rounds up} The gures in the following questions are all dollar values unless stated otherwise