Expansion versus replacement cash flows Tesla Systems has estimated the cash flows over the 5-year lives for two projects, A and B. These cash flows are summarized in the following table. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Project A Project B Initial investment - $4,651,000 $1,557,000* Year Operating cash flows $561,000 $377,000 2 934,000 377,000 3 1,357,000 377,000 4 2,217,000 377,000 5 3,404,000 377,000 "After-tax cash inflow expected from liquidation nie PAPETAN a. Calculate the relevant cash flows for this replacement decision: (Round to the nearest dollar.) Relevant Cash Flows Year 0 $ 1 S 2 S 2 3 S 4 S $ 5