CBD Inc, a processor of CBD oils, is analyzing a potential opportunity to cut costs.It can spend $1.5 Million today on the purchase and installation of a new automated processing line.The equipment will have a six-year life, at which time it can be sold for $250,000.The equipment qualifies as a Class 8 asset with a 20% CCA rate.Since the equipment will be purchased in 2020, it is subject to the Accelerated Investment Incentive rules, rather than the half-year rule.The benefit of installing the new equipment is a reduction in labor costs of $400,000 per year.The new process will lead to an immediate increase in Net Working Capital (NWC) of $25,000, which will be recovered at the conclusion of the project.The firm has a 30% corporate tax rate and it wants a 15% return.Should they undertake this cost-cutting program?

What is the correct value for Step #1, #2, #3, #4, #5, #6, and #7?