You were reviewing a proposal to buy production equipment for $250,000 in 2017. The equipment is a 20% CCA dais et At the end of 5 year, it has an estimated salvage walue of 532.000 the equipment is purchased the company will save 565,400 ot anual operating costs, beloretak The company's marginal tax rate it and it cost of capital. Do not found when calculating PV of CCA tax shield etc. Calculate the projets NPV using the sky-step approach. Would you recomiend approval for the project Enter the following amounts to the newest cost without colla signor commaso 95000, if negative.15000 Initiat investment 2) PV of project savings PV of CCA 4) PV of salvage 5) w of OCA out Net Present Vol 0 You were reviewing a proposal to buy production equipment for $253,000 in 2017. The equipment is a 20% CCA class asset. At the end of 5 years, it has an estimated salvage value of $32,000. If the equipment is purchased, the company will save $65,400 of annual operating costs, before-tax. The company's marginal tax rate is 40% and its cost of capital is 15%. Do not round when calculating PV of CCA tax shield, of etc. Calculate the project's NPV using the six-step approach. Would you recommend approval for the project? Enter the following amounts to the nearest dollar without dollar sign or commas, e.g. 15000, if negative, - 15000. 1) Initial investment: 2) PV of project savings: 3) PV of CCA: 4) PV of salvage: 5) PV of CCA lost: 1) Initial investment: 2) PV of project savings: 3) PV of CCA: 4) PV of salvage: 5) PV of CCA lost: 6) Net Present Value