Can someone help guide me through this problem and explain it? And can you hand write it instead of doing it in excel. Im so confused on how to do this.

ACORE in owns. The machine, purchased purchase. It was purchased for $216,000 has no salvage value, and is being o considering the replacement of a machine which it currently two ycars ago, had a useful life of six years at the time of depreciated on a corp orated is als straight line b cost of operating the machine is $42,000 annually. The machine can asis. Sales of the product produced by the machine are $96,000 annually. The be sold for $168,000 e ne depreciated on a straight line basis, and will have a salvage value o W machine can be purchased for $240.000. It has a useful life of four years, will be f $24,000. Because this mproved machine produces a higher quality product at reduced cost, it is estimated that $114,000 and costs reduced to $30,000 if the machine is installed. sales will be increased to The firm's tax rate is 20% capital will be required if the machine is replaced. and the required rate of return is 14%. No additional working a. What is the tax effect of selling the old machine? b. What is the initial outlay from selling the old machine and purchasing the new c. d. e. machine? What is the change in recoveries? What is the incremental annual cash flow from replacing the old machine? What is the net present value of replacing the old machine