14 Calculating project cash flows and NPV) The Gun Chemical Corporation is considering the purchase of a chemical analysis machine. The purchase of this machine will out in an increase in earning before interest and taxes of $75,000 per year. The machine has a purchase price of $350,000 and it would cost an additional $8,000 after tax to install this machine correctly. In addition, to operate this machine property Inventory must be increased by $12,000. This machine has an expected life of 10 years after which time it will have no salvage value. Also tune simplified straight line depreciation, that this machine is being depreciated down to a 31 percent marginal tax rate and a required rate of retum of 14 percent What is the initial outlay associated with this project? b. What are the annual after tax cash rows associated with this project for years through 97 c. What is the formal cash flow in year 10 that is the tax cash flow in year 10 plus any anal cash flow associated with termination of the project)? d. Should this machine be purchased a. The tal cash outlay asusciated with this project Round to the heart dollar)