Expert Chips is a manufacturer of prototype chips based in Buffalo, New York (i) (Click the icon to view the prototype chips information. (Click the icon to view information on the options) Present Value of \$1 table Present Value of Annuity of $1 table Future Value of Annuity of $1 table Read the requirements. Requirements 1 and 2. Calculate the after-tax cash inflows and outflows of the "modernize" and "replace" alternatives over the 20212027 period and calculate the net present value for each alternative. Let's begin with the "modernize" alternative. Start by computing the present value of the after-tax cash flows from operations, then calculate the present value of the after-tax cash savings from depreciation and the terminal disposal value, and finally, determine the total net present value (NPV) of the investment for the "modernize" alternative. (Round intermediary calculations and your finat answers to the nearest whole dollar. Use a minus sign or parentheses for a negative present value of net cash flows.) Requirements 1. Calculate the after-tax cash inflows and outflows of the "modernize" and "replace" alternatives over the 20212027 period. 2. Calculate the net present value of the "modernize" and "replace" alternatives. 3. Suppose Expert Chips is planning to build several more plants. It wants to have the most advantageous tax position possible. Expert Chips has been approached by Spain, Malaysia, and Australia to construct plants in their countries. Briefly describe in qualitative terms the income tax features that would be advantageous to Expert Chips. Expert Chips is a manufacturer of prototype chips based in Buffalo, New York (i) (Click the icon to view the prototype chips information. (Click the icon to view information on the options) Present Value of \$1 table Present Value of Annuity of $1 table Future Value of Annuity of $1 table Read the requirements. Requirements 1 and 2. Calculate the after-tax cash inflows and outflows of the "modernize" and "replace" alternatives over the 20212027 period and calculate the net present value for each alternative. Let's begin with the "modernize" alternative. Start by computing the present value of the after-tax cash flows from operations, then calculate the present value of the after-tax cash savings from depreciation and the terminal disposal value, and finally, determine the total net present value (NPV) of the investment for the "modernize" alternative. (Round intermediary calculations and your finat answers to the nearest whole dollar. Use a minus sign or parentheses for a negative present value of net cash flows.) Requirements 1. Calculate the after-tax cash inflows and outflows of the "modernize" and "replace" alternatives over the 20212027 period. 2. Calculate the net present value of the "modernize" and "replace" alternatives. 3. Suppose Expert Chips is planning to build several more plants. It wants to have the most advantageous tax position possible. Expert Chips has been approached by Spain, Malaysia, and Australia to construct plants in their countries. Briefly describe in qualitative terms the income tax features that would be advantageous to Expert Chips