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(8-marks) A Canadian food processing company uses an after-tax MARR of 10%, and has a tax rate of 42%. The company buys a new packaging

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(8-marks) A Canadian food processing company uses an after-tax MARR of 10%, and has a tax rate of 42%. The company buys a new packaging machine for $20,000 which falls into an asset class with a CCA of 25%. The new machine provides annual benefits estimated to be $3,000 per year. Operating costs are estimated to be $1,500 per year. The machine will be used for 5-years and then sold for $5,000. Find the after-tax annual-worth of the machine. Was it a good investment

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