Evanston Quick-Print Shop is considering a new automatic copying machine that can be purchased for \ $14,800. Delivery will cost $300 and set-up will cost $500. The machine will be paid for and placed in service \ December 31, 2023. It will be depreciated using a 5-year MACRS technique. The firm currently faces a 40% tax \ bracket.\ a.What is the initial relevant cash flow to acquire the machine?\ b.The copying machine described above, is expected to last for 5 years, during which it will produce \ approximately 1 million copies. Copies will sell for an average of 6 cents each. Material, labor, and other variable \ costs will be approximately 3 cents a copy. Working capital needs will be negligible as copying with this machine \ will be almost all on a cash basis, and current liabilities will offset the supplies inventory need. Determine the \ relevant cash flows (associated with the operation) for 2024 through 2028.\ c.The copying machine described above is sold at the end of the 5-year life for $500. What is the terminal \ cash flow?\ d. Evanston Quick-Print has a required return of 14%. Is the copying machine an attractive investment?