please use excel to answer the question and show all outputs

E2) Singler Manufacturing is considering a new machine that costs $250,000. The machine would reduce pretax manufacturing costs by $90,000 annually. The machine falls in the 3-year MACRS class for depreciation, and management estimates a salvage value of $23,000 at the end of 5 years of operation. The machine will cause a one-time increase of net operating working Sudha Krishnaswami Lecture Notes Page 1 of 2 Homework 4 capital of $25,000 initially, which would be recovered at the end of the machine's 5-year life. Singler's marginal tax rate is 40% and its WACC is 10%. Should the firm invest in the new machine? Suppose management is unsure about the pretax manufacturing cost savings, what is the minimum cost savings the machine should generate in order to break even