Your company is considering a five$-$year project of buying a new machine press to improve its production efficiency. Buying the new machine press for$$460,000$ is estimated to result in $$142,000$ in annual pretax cost savings. This press will be depreciated straight$-$line to zero over the project's five$-$year life, at the end of which the press can be sold for $$59,000.$ The press also requires an initial investment in spare parts inventory of $$32,000.$ The shop's tax rate is $21$ percent, and its discount rate is $12$ percent.$(1)$ What is the depreciation value for this machine

each year?

$(2)$ What is the after$-$tax salvage value of this machine press? $(3)$ What would be the operating cash flow $($OCF$)$ each vear?$(4)$ Calculate CFFA each year. $(5)$ Compute NPV based on CFFA you got from $(4)$ and decide whether the company should buy and install the machine press?