Your company is considering an expansion into a new product area. The company has collected the following information about the proposed product. - The project has an anticipated economic life of 5 years. - The company will have to purchase a new machine to produce the product. The machine has an up-front cost (Year 0) of $3,000,000. - The machine will be depreciated on a 3-year MACRSlife basis (depreciation will be taken in Years 1-4 and depreciation rates are: Year 1=33%; Year 2=45%; Year 3=15%; and Year 4=7% ). - The company anticipates that the machine will last for at least five years, and that after five years, the machine will be sold for $400,000 (pre-tax). - If the company goes ahead with the project, it will have an effect on the company's net operating working capital. At the outset, Year 0 , current assets Your company is considering an expansion into a new product area. The company has collected the following information about the proposed product. - The project has an anticipated economic life of 5 years. - The company will have to purchase a new machine to produce the product. The machine has an up-front cost (Year 0) of $3,000,000. - The machine will be depreciated on a 3-year MACRSlife basis (depreciation will be taken in Years 1-4 and depreciation rates are: Year 1=33%; Year 2=45%; Year 3=15%; and Year 4=7% ). - The company anticipates that the machine will last for at least five years, and that after five years, the machine will be sold for $400,000 (pre-tax). - If the company goes ahead with the project, it will have an effect on the company's net operating working capital. At the outset, Year 0 , current assets