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(2) Suppose ACI is considering automating an existing production process and purchasing a new machine that does not require any labour cost. The necessary equipment costs $120,000. ACI has a discount rate is 10 per cent and plans to install the new machine in their existing factory. The new equipment has a five-year life and is depreciated to 40,000 on a straight-line basis over that period. The tax rate is 25 per cent, and the automation process will increase gross profit by $24,000 per year. The machine will actually be worth $80,000 in five years. Should ACI automate? (Kindly note that you must show a detailed calculation process. Without a detailed calculation process, marks will be deducted. Excel calculation will be ignored.) 5