"A fully automatic chucker and bar machine is to be purchased for $50,000, to be borrowed with the stipulation that it be repaid with six equal end-of-year payments at 12% compounded annually. The machine is expected to provide an annual revenue of $15,000 for six years and has a CCA rate of 30%. The salvage value at the end of six years is expected to be $3,000. Assume a marginal tax rate of 36% and a MARR of 15% (a) Determine the after-tax cash flow for this asset over six years. (b) Determine whether the project is acceptable on the basis of the IRR criterion