) As a financial manager, you are considering purchasing a new machine that will cost $1...

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) As a financial manager, you are considering purchasing a new machine that will cost $1 million. It can be depreciated on a straight-line basis for five years to a zero salvage value. You expect revenues from the machine to be $700,000 each year and expenses are expected to be 50% of revenue. Working capital is expected to be 30% of the revenue the following year. If the company is taxed at a rate of 34% and the appropriate discount rate for a project of this level of risk is 12%, will the company invest in this new machine? Use the NPV template ) As a financial manager, you are considering purchasing a new machine that will cost $1 million. It can be depreciated on a straight-line basis for five years to a zero salvage value. You expect revenues from the machine to be $700,000 each year and expenses are expected to be 50% of revenue. Working capital is expected to be 30% of the revenue the following year. If the company is taxed at a rate of 34% and the appropriate discount rate for a project of this level of risk is 12%, will the company invest in this new machine? Use the NPV template