Chauhan Restaurant is considering the purchase of a souffl maker that costs $8,600. The souffl maker has

Chauhan Restaurant is considering the purchase of a soufflé maker that costs $8,600. The soufflé maker has an economic life of five years and will be fully depreciated by the straight-line method. The machine will produce 1,100 soufflés per year, with each costing $2.15 to make and priced at $5.95. The discount rate is 14 percent and the tax rate is 21 percent. Should the company make the purchase?