Check My Work (3 remaining) E eBook Replacement Analysis The Everly Equipment Company's flange-tipping machine was purchased 5 years ago for $65,000. It had an expected life of 10 years when it was bought and its remaining depreciation is $6,500 per year for each year of its remaining life. As older Mange-lippers are robust and useful machines, this one can be sold for $20,000 at the end of its useful life A new high-efficiency digital controlled flange-Tipper can be purchased for $120,000, including installation costs. During its 5-year life, it will reduce cash operating expenses by $30,000 per year, although it will not affect sales. At the end of its useful life, the high-efficiency machine is estimated to be worthless. MACRS depreciation will be used, and the machine will be depreciated over its 3-year class life rather than its 5-year economic life, so the applicable depreciation rates are 33.33%, 44.45%, 14.81%, and 7,41% The old machine can be sold today for $35,000. The firm's tax rate is 35%, and the appropriate cost of capital is 12% 3. Ir the new flange-Tipper is purchased, what is the amount of the initial cash Now at Year 07 Round your answer to the nearest dollar. Cash outflow. If any. should be indicated by a minus sign. 20,625 b. What are the incremental net cash flows that will occur at the end of Years 1 through Sy do not round Intermediate calculations. Round your answers to the nearest dollar. Cash outflows, if any, should be indicated by a minus sign $ CF $ CE 5 CF 5 CF What is the NPV of this project? Do not round Intermediate calculations, Round your answer to the nearest whole dollar. Negative valur, rany, should be indicated by a minus sign $ Should Everly replace the Range-lipper? Select