Western Corporation is considering the acquintion of a new machine that costs $350,000 The machine is expected to have a four-year service life and will produce annual savings in cash operating costs of $100,000. Western uses straight-line depreciation is subject to a 30% income tax rate, has an after-tast hurdle rate of 12%, and rounds calculations to the nearest dollar Required A Determine the annual after-tax cash flows that result from acquisition of the machine B. Assuming that your answer in requirement "A" totaled $110,410, calculate the machine's 1. Net present value is the machine an attractive investment? Why? 2 Internal rate of return is the machine an attractive investment? Why? 3. Payback penod