The president of Orlando Corporation has asked you to evaluate the proposed acquisition of new kitchen equipment for its five restaurants. The equipment's price is $$1,200,000$ with shipping and installation costs of $$300,000.$ The equipment will be depreciated to a zero$-$salvage value over $10$ years on a straightline basis. Purchase of the equipment would require an increase in net operating working capital of $$75,000.$ The equipment would increase the firm's before$-$tax revenues by $$500,000$ per year but would also increase operating costs by $$200,000$ per year. The machine is expected to be used for $15$ years and then sold for $$100,000.$ The firm's marginal tax rate is $20\%,$ and the project's cost of capital is $18\%.$ Should the new machine be purchased? Show computations