TJ FARMS is a grower of medical marijuana in Canada. To date, TJ has always harvested its crops by hand but is considering the purchase of a hemp harvester at a cost of $250,000. The hemp harvester will also require setup and testing at an additional cost of $15,000. The hemp harvester is expected to have a useful life of seven years, at which time it can be sold for $30,000. The hemp harvester is a Class 8 asset for purposes of capital cost allowance using a rate of 20% and it is eligible for the accelerated investment incentive rules (ACII) for capital cost allowance (CCA).TJ estimates that the introduction of the hemp harvester will result in an initial working capital investment of $10,000, which will be recouped at the end of the hemp harvesters useful life.TJ has estimated that the hemp harvester will cost $20,000 per year to operate but that it will result in annual savings of $98,800 in labour and related operating costs. TJ is subject to tax at a rate of 35% and has a weighted average cost of capital of 14%.

Question- Using a net present value analysis, determine whether TJshould purchase the hemp harvester.