Alpha Beta Company, Inc., a manufacturer of toys, is considering replacing an existing piece of equipment with a more sophisticated machine. The firm pays $40$ percent taxes on ordinary income and capital gains. Given the following information, calculate the incremental after$-$tax cash flow $($relevant cash flows$)$ in year $1.$ Existing MachineCost $=33637$Purchased $2$ years agoDepreciation using straight$-$line method $(20\%$ depreciation each year$)$Useful life $=5$ yearsCurrent market value $=\{$B$\}$Annual cash flows $=12803$ Proposed MachineCost $=108653$Installation $=8563$Depreciation using straight$-$line method $(20\%$ depreciation each year$)$Useful life $=5$ yearsAnnual cash flows $=50914$ Note: Read the question carefully. Use one decimal place. Insert numbers only. The weight of this question is two marks.