A$.$M$.$I. Company is considering installing a new process machine for the firm's manufacturing facility. The machine costs $$300,000$ installed, will generate additional revenues

of $$80,000$ per year, and will save $$55,000$ per year in labour and material costs. The machine will be financed by a $$150,000$ bank loan repayable in three equal annual

principal installments, plus $9\%$ interest on the outstanding balance. The machine has a CCA rate of $30\%.$ The useful life of the machine is $10$ years, after which it will be sold

for $$20,000.$ The combined marginal tax rate is $40\%.$

Find the year$-$by$-$year after$-$tax cash flow for the project.

Compute the IRR for this investment $=$

$\%$

At MARR $=18\%,$ is the project economically justifiable?