can you please give me the answers in an excel sheet?

Integrative-Investment decivion I loltiday Manufacturing is considering the replacement of an existing machine. The new machine conts 51.2 million and requires installation conts of $150,000. The existing machine can be sold currently for $185,000 hefore taxes. It is 2 years old, cost $800,000 new, and has a $384,000 book value and a remaining useful life of 5 years. It was being depreciared under MACRS using a 5 -year recovery period (see Table 3.2 on page 106) and thercfore has the final 4 years of depreciation remaining. If it is held for 5 more years, the machine's market value at the end of year 5 will be S0. Over its 5 -year life, the new machine should reduce operating costs by $350,000 per year. The new machine will be depreciated ander MACRS using a 5 -year recovery period (see Table 3.2 on page 106). The new machine can be sold for $200,000 net of removal and cleanup costs at the end of 5 years. An increased investment in net working capital of $25,000 will be needed to support operations if the new machine is acquired. Assume that the firm has adequate operating income against which to deduct any loss experienced on the sale of the existing machine. The firm has a 9% cost of capital and is subject to a 40% tax rate. a. Develop the relevant cash flows needed to analyze the proposed replacement. b. Determine the net present value (NPV) of the proposal. c. Determine the internal rate of return (IRR) of the proposal. d. Make a recommendation to accept or rcject the replacement proposal, and iustifv vour answer. Integrative-Investment decivion I loltiday Manufacturing is considering the replacement of an existing machine. The new machine conts 51.2 million and requires installation conts of $150,000. The existing machine can be sold currently for $185,000 hefore taxes. It is 2 years old, cost $800,000 new, and has a $384,000 book value and a remaining useful life of 5 years. It was being depreciared under MACRS using a 5 -year recovery period (see Table 3.2 on page 106) and thercfore has the final 4 years of depreciation remaining. If it is held for 5 more years, the machine's market value at the end of year 5 will be S0. Over its 5 -year life, the new machine should reduce operating costs by $350,000 per year. The new machine will be depreciated ander MACRS using a 5 -year recovery period (see Table 3.2 on page 106). The new machine can be sold for $200,000 net of removal and cleanup costs at the end of 5 years. An increased investment in net working capital of $25,000 will be needed to support operations if the new machine is acquired. Assume that the firm has adequate operating income against which to deduct any loss experienced on the sale of the existing machine. The firm has a 9% cost of capital and is subject to a 40% tax rate. a. Develop the relevant cash flows needed to analyze the proposed replacement. b. Determine the net present value (NPV) of the proposal. c. Determine the internal rate of return (IRR) of the proposal. d. Make a recommendation to accept or rcject the replacement proposal, and iustifv vour