$2-10$ Pre Vaa Glentech Manufacturing is considering the purchase of an automated parts handler for the assembly and test area of its Phoenix, Arizona, plant. The handler will cost $$250,000$ to purchase plus $$10,000$ for installation. If the company undertakes the investment, it will automate part of the semiconductor test area and reduce operating costs by $$70,000$ per year for the next ten years. Five years into the life of the investment, however, Glentech will have to spend an additional $$100,000$ to update and refurbish the handler. The investment in the handler will be depreciated using straight$-$line depreciation over ten years, and the refurbishing costs will be depreciated over the remaining five$-$year life of the handler $($also using straight$-$line depreciation$).$ In ten years, the handler is expected to be worth $$5,000,$ although its book value will be zero. Glentech$$s tax rate is $30\%,$ and its opportunity cost of capital is $12\%.$ Exhibit P$2-10\mathrm{.}1$ contains cash flow calculations for the project that can be used in performing a DCF evaluation of its contribution to firm value. Answer each of the following questions concerning the project: a$.$ Is this a good project for Glentech? Explain your answer. b$.$ What can you tell about the project from the NPV profile found in Exhibit P$2-10\mathrm{.}1?$