Please answer preciesly The answer is $3.$ E$)$ $$526,959$ and $4.$ B$)$ $$26,439$ but show each steps to find the numbers and the answers clearly for a behinner. A high$-$tech machine that produces watch bands costs $$849,000.$ This cost could be depreciated at$30\%$ per year $($CCA Class $10).$ The machine would be worth $$175,000$ in five years. There are nocapital gains to worry about. The new machine would save the firm $$262,000$ per year before taxesin operating costs. There is no impact on net working capital. The firms WACC is $15\%$ and thecorporate tax rate is $40\%\mathrm{.}3.$ What is the total present value of the after$-$tax operating cost savings that the machine willbring?A$)$ $$786,148$B$)$ $$878,265$C$)$ $$606,003$D$)$ $$611,453$E$)$ $$526,9594.$ Pretend that your answer to the previous question is $$600,000.$ What would be the NPV ofpurchasing this system?A$)$ $$37,892$B$)$ $$26,439$C$)$ $$304,704$D$)$ $$32,442$E