11 ADAM COMPANY HAS AN OLD MACHINE THAT COST WHEN PURCHASED $150000. THE FIRM DEPRECIATION METHOD IS MACRS FOR 3 YEARS (PERCENTAGED Y1 =33% Y2 45%, Y3=15% Y4=7%) THE EXPECTED SELLING PRICE OF THE OLD MACHINE IS 70000 at of ADAM CAN BUY A NEW MACHINE WITH PRICE $180000 AND INSTALLATION COST OF $7000 AND SHIPPMENT $ 4000 IT WILL ALSO BE DEPRECIATED USING MACRS. THE MACHINE REQUIRES RECEIVABLES TO INCREASE 12300 INVENTORY 20000 AND ACCOUNT PAYABLE WILL INCREASE BY $16000 REVENUES ARE EXPECTED TO BE 150000 AND EXPENSES ARE 60% OF REVENUES FOR THE 3 YEARS IF THE NEW MACHINE CAN BE SOLD AT THE END OF THE 3 YEARS FOR $28000 AND TAXES IS 38%,K IS 0.11 WHAT IS THE INITIAL INVESTMENT? WHAT IS THE DISCOUNTED OPERATING CASH FLOW FOR THE 3 YEARS ? WHAT IS THE TERMINAL VALUE? Ows buntu WHAT IS THE NPV