Dublin Chips is a manufacturer of prototype chips based in Austin, Texas. Next 2015. Dubl chips expeds to deliver 525 prototype dhips at n average pice of se2.000. Dublin Chips ye in per year through 2021. That is, demand will be 525 in 2015. 01o in 2010, e95 in 2017, and marketing vioe president forecasts growth of 85 prototype chips so on. The plant annnot produce more than 495 prototype chips annually. To Dublin chips must either modernize the plantca,eplaceit The old equipment is fully depreciated and can meet future d ifthe plant is modernized, the oosts to modernize it are to be capitalized and be sold for if the plant depreciated over the useful life of the updated plant. The old equipment is retained as p of the modernize The following data on the two options are available: EA (click the ioon to view information on the options.) (Click the icon to view summarized cash flows for each option.) (Click the icon to view the Future Value of s1 factors) (Click the ioon to view the Future value of Annuity of s1 factors) (click the icon to view the Present value of st factors) Click the icon to view the Present Value of Annuity of s1 factors.) Requirements 1 and 2. Sketch the after-tax cash inflows and outflows of the modernize and replaoe al ternatives over the 2015-2021 period and calculate the net present value for each alternative. Let's begin with the modernize alternative. Start by oomputing the present value of the after-tax cash flows from operations, then caloulate the present value of the after-tax aash savings from depreciation and the terminal disposal value, and finally determine the total net present value (NP) of the investment for the modernize alternative. (Round interim calculations and your final answers to the nearest whole dollar Use a minus sign or parentheses for a negative net present value.) Net Cash Total Present Value PV factor Present value of net cash flows: After-tax cash flows from operations: Dec 31.2015 Dec 31, 2016 Dec 31, 2017