Can you please explain each step and include the table?

Keipersol Investments has needs a new forklift. The machine can be purchased for $120,000 or it can acquired using a 5-year financing lease. The annual lease payments are $20,000, payable in advance, with a final residual payment of $40,000 at the end of the contract. If purchased, the machine can be depreciated straight-line over 5 years. Moreover, its salvage value at the end of year 5 will be $60,000. Kiepersol pays tax at 30% and lease payments are tax-deductible at the time of payment. The following table presents the cash flows from leasing the machine and the cash flows from purchasing it, as well as the incremental cash flows (leasing minus buying): Year o Year 1 Year 2 Year 3 Year 4 Year 5 Leasing LCFO LCF2 LCF2 LCF3 LCF4 LCF5 Buying BCFO BCF1 BCF2 BCF3 BCF4 BCF5 Increment ICFO ICF1 ICF2 ICF3 ICF4 ICF5 What is the value of the cash flow BCF5? Correct Answer O $48,000 You Answered $66,000 0 $42,000 $54,000 None of the other answers is correct