costs. The firm is subject to a tax rate of $21\%.$ The revenues and expenses $($excluding depreciation and interest$)$ associated with the new and the old machines for the next $5$ years are given in the table $.($Table $$ contains the applicable MACRS depreciation percentages.$)$ Note: The new machine will have no terminal value at the end of $5$ years.

a$.$ Calculate the initial cash flow associated with replacement

of the old machine by the new one.

b$.$ Determine the periodic cash flows associated with the proposed replacement. $($Note: Be sure to consider the depreciation in year $6.)$

c$.$ Depict on a time line the net cash flows found in parts $($a$)$ and $($b$)$ associated with the proposed replacement decision.

plz answer Calculation the cash flows with the new machine and the net incremental cash flows$$ below $1-6$ all the information is on there.