Edison Systems has estimated the cash flows over the 5-year lives for two projects, A and B. These cash flows are summarized in the table below. a. If project A were actually a replacement for project B and if the $12,000 initial investment shown for project B were the after-tax cash inflow expected from liquidating it, what would be the relevant cash flows for this replacement decision? b. How can an expansion decision such as project A be viewed as a special form of a replacement decision? Explain. Initial investment / Project A = $40,000 / Project B = $12,000* Year / Operating cash inflows 1 $10,000 // $ 6,000 2 12,000 // 6,000 3 14,000 // 6,000 4 16,000 // 6,000 5 10,000 // 6,000 *After-tax cash inflow expected from liquidation