if answers could be done in excel that would help

At times firms will need to decide if they want to continue to use their current equipment or replace the equipment with newer equipment. The LoRusso Co. is consadering replacing an existing piece of equipment. The profect involves the following: - The new equipment will tiove a cost of $2,400,000, and it is eligible for 100% bones depreciation so it will be fully depreciated at t=0. * The old rrachine was purchased before the new tax law, so it is being depreciated on in straight-line basas. It has a book. value of $200,000 (at vear 0 ) and four more years of depreciation left (550,000 pec year). - The new equprient will have as salvage value of 50 at the end of the project's life (veir o). The ofd machine has a current salvage value (at vear o) of $300,000. - Replacing the ofd machine Will requine an investrnent in net operating workang capital (Nowc) of 5$0,000 that will be tecovered af the end of the project's life (year b). - The niew inachine is more elficent, so the fims increniental earnings before internes and taxes (EatT) will increase by a total of $700,000 in each of the next sox years (yearn 1 - 6 ). Hint: This value represents the difference between the revenues and operatino costs (including depreciation expense) generated ising the new equpmont and that earned using the old equipment - The project's cost of capital a ijsa. - The comciarrs aimual tax rate is 2956. Complete the foliowing table and compute the incremental cash fows assocated with the replacement of the old equipment wich the new equipment. The net present value (NFV) of this replacement progect is: The net present value (NPV) of this replacement project is: $625,130$442,801$390,707$520,942