Warmack Machine Shop is considering a four$-$year project to introduce a new product. The project requires new machinery. Buying the new machinery for $$350,000$ with $$30,000$ in shipping and $$30,000$ to install, is estimated to result in incremental annual revenue of $$200,000.$ The annual inflation rate is estimated to be $4\%.$ The variable cost is likely to be $$25,000$ and the fixed cost is estimated to be $$50,000.$ The project falls in the MACRS five$-$year class, and it will have a salvage value at the end of the project of $$55,000.$ The NWC requirements are $10\%$ of the next year$$s revenue. If the shop's tax rate is $35$ percent and its discount rate is $9$ percent, should the company implement the project?

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