U UPUULUULU POTO. 1. The Charleston Cart Company (CCC) has the opportunity to buy an axle forging machine for its new "easy-push" wheelbarrow. This machine would cost $50,000, installed, and have a useful life of 8 years. It is estimated that this machine would generate additional revenue of $15,000 per year. The raw materials and labor for this level of new sales would be $5,000 per year. This machine will not cause a loss of sales from any of CCC's other products. This device qualifies for a special depreciation schedule which is shown below: Year % Depreciation 30 AWN - 40 20 At the end of its useful life, the machine will be sold for scrap, and it is expected that the machine's net scrap value at that time will be $10,000. CCC's combined tax rate is 30%. a) Calculate the cash flows associated with this project. b) If the appropriate discount rate to be used in association with these cash flows is 12%, would you recommend that CCC purchase this machine? Explain your