An injection molding machine can be purchased and installed for $85,000. It has a GDS recovery period of 5 years under the MACRS, but it will only be kept in service for four years. The net savings that can be attributed to this machine is estimated to be $20,000 in the first year, and to decrease by $2,000 each year in the following years. It is believed that the machine can be sold for $24,000 at the end of year 4. An effective income tax rate of 23% is used by the company and the after tax MARR equals 17%. Should a recommendation be made to purchase the machine? Why or why not? Click the icon to view the GDS Recovery Rates (rk). Click the icon to view the interest and annuity table for discrete compounding when the MARR is 17% per year. The PW value of purchasing the machine is $ (Round to the nearest dollar.) this machine since it V profitable. An injection molding machine can be purchased and installed for $85,000. It has a GDS recovery period of 5 years under the MACRS, but it will only be kept in service for four years. The net savings that can be attributed to this machine is estimated to be $20,000 in the first year, and to decrease by $2,000 each year in the following years. It is believed that the machine can be sold for $24,000 at the end of year 4. An effective income tax rate of 23% is used by the company and the after tax MARR equals 17%. Should a recommendation be made to purchase the machine? Why or why not? Click the icon to view the GDS Recovery Rates (rk). Click the icon to view the interest and annuity table for discrete compounding when the MARR is 17% per year. The PW value of purchasing the machine is $ (Round to the nearest dollar.) this machine since it V profitable