Your firm is planning to install a new capping machine at the apple juice factory. This machine is considered a special handling device for food and beverage manufacture and has an initial cost of...

Extracted text: Your firm is planning to install a new capping machine at the apple juice factory. This machine is considered a special handling device for food and beverage manufacture and has an initial cost of $500,000. The capping machine is expected to generate net income of $150,000 per year for the next 4 years. Using MACRS depreciation, $75,000 salvage value, a federal tax rate of 21%, a state tax rate of 5%, and an after-tax MARR of 7%, determine the net present worth of this investment.