Assume that it is January $1,2019,$ and that the Mendoza Company is considering the replacement of a machine that has been used for the past $3$ years in a special project for the company. This project is expected to continue for an additional $5$ years $($i$.$e$.,$ until the end of $2023).$ Mendoza will either keep the existing machine for another $5$ years $(8$ years total$)$ or replace the existing machine now with a new model that has a $5-$year estimated life. Pertinent facts regarding this decision are as follows:

"Note: These amounts are used for depreciation calculations.

Assume further that Mendoza is subject to a $40\%$ income tax, both for ordinary income and gains$/$losses associated with disposal of machinery, and that all cash flows occur at the end of the year, except for the initial investment. Assume that straight$-$line depreciation is used for tax purposes and that any tax associated with the disposal of machinery occurs at the same time of the related transaction.

Required:

Determine relevant cash flows $($after$-$tax$)$ at time of purchase of the new machine $($i$.$e$.,$ time $0$: January $1,2019).$

Determine the relevant $($after$-$tax$)$ cash inflow each year of project operation $($i$.$e$.,$ at the end of each of years $1$ through $5).$

Determine the relevant $($after$-$tax$)$ cash inflow at the end of the project's life $($i$.$e$.,$ at the project's disposal time, December $31,2023).$

Determine the undiscounted net cash flow $($after tax$)$ for the new machine and determine whether on this basis the old machine should be replaced.

$($For all requirements, do not round intermediate calculations. round your answers to the nearest whole dollar amount.$)$

$\backslash$table$[[,$Net cash flow $($after$-$tax$),$ time $0($i$.$e$.,$ at purchase point$)],[2.,$Net cash inflow $($after$-$tax$),$ during the project operation,$],[3.,$Net cash inflow $($after$-$tax$),$ at the end of the project's life,$],[5,$Undiscounted net cash flow $($after tax$)$ for the new machine,$]]$