19. As one of the managers for Confederate Mills, Inc., you are analyzing the replacement of a dyeing vat to convert blue cloth to gray. The old vat was purchased 5 years ago for $100,000 and is being depreciated to a zero salvage value using the straight line method over a 20-year life. The market value of the vat is $40,000. The new vat has a price of $80,000, and will be depreciated to a $5,000 salvage value (also market value 15 years hence) using straight line method over a 15 year life. The new vat will increase revenues by $2,000 per year, and operating costs will decrease by $666.67 per year. The CMI has a 12% cost of capital, a marginal ordinary tax rate of 40%. The vat will require an additional working capital of $10,000 right now (t-0). [YOU ARE NOT REQUIRED TO COMPUTE NPV.) A. What is the year 0 net cash flow?$ B. What are the net annual operating cash flow for years 1-15? What is the terminal cash flow at the end of year 15