Cotos do Cushing Corporation is considering the purchase of a new grading machine to replaceme existing oor. The existing mawe was purchased 4 years ago an installed cost of $19.000 was being deprecated under MARS using Syst recovery period (tee the table below for sercentages. The state machine is expected to husable ife of lot more year. The machine costs $34,300 and eures 55.403 nutitoote De deprecated using 5-7e recovery period usder MACRS The existing machine can currently be sold for 524 600 without incurring any temu dear up costs Thermis subject to a 21 tax rate Clouate the initial cash flon associates with the proposed purchase of a new grading machine Total cost of the new machines Book Vue of oldes Tac on the sale of old assets Ar tax proceeds from the old asset Initial investments MACRS Rey Year 5 Yuan 1 204 2 19+ 4 114 5 124 6