Green Moose Industries is a company that produces iWidgets, among several other products. Suppose that Green Moose Industries considers replacing its old machine used to make TWidgets with a more efficient one, which would cost $1,800 and require 5250 annually in operating costs except depreciation. After-ax salvage value of the old machine is $600, while its annual operating costs except depreciation are $1,100. Assume that, regardiess of the age of the equipment, Green Moose Industries's sales revenues are fixed at $3,500 and depreciation on the old machine is 5600 . Assume aiso that the tax rate is 40% and the project's risk-adjusted cost of capital, r is the same as weighted average cost of capital (WACC) and equals 104 Based on the data, net cash fows (NCFs) before replacement are , and they are constant over four years. Although Green Moose Industries's NCFs before reptacement are of 5480 ver the 4-year period, its NCFs after replacement vary anhually, The Complete the following table and calculate incremental cash fows in each year. Hint: Round your answers to the nearest doliar and remember to enter a minus sign if the calculated value is negative. Next evalunte the incremental cash flows by calculating the net present value (NPV), the internal rate of return (IRR), and the modified IRR. (MIRR). Assume again that the cost of financing the new project is the came as the Wacc and equals 10\%. Hint: Use a spreadsheet. program's functions or use a financial calculator for this task. Based on the evaluation, replocing the old equipment appears to be a decision because