if you could show any steps that u can do on a finance caculator, that would be amazing:)

You must evaluate a proposal to buy a new miling machine. The purchase price of the milling machine, including shippang and installation costs, is 5188 ,006, end the equigeneat will be fully depreciated at the time of purchase. The machine would be sold after 3 years for $121,000. The machine would require a $7,000 increase in net operating warking capital. (increased inventory less increased accounts payable). There would be no effect on revenues, but pretax labor costs would decline by s57,000 ger year. The marginat thx rate Is 2598, and the WacC is 11\%\%. Also, the firm spent $4,500 last year investigating the feasiblity of using the machine. a. How should the $4,500 spent last vear be handed? 1. Last yoar's expenditure is considered an opportunity cost and does not represent an incremental Eash fow, Hence, it should not be included in the analysis It. Last year's expenciture is considered a sunk cost and does not represent an incremental cash flow, Hence, it sheuld aok be included in the anatysit. III. The cost of relearch is an incrementai cash fow and should be indiaded in the analysii. N. Onhy the tax effect of the researth expenses shoula be included in the analysis. Q. Last year's expenditure should be treated as a terminal cash flow and deolt with at the end of the project's ife. Mence, it should not be included in the inital investment outiay: b. What is the inital imvestment outiay for the machine for capial budgeting purposes after the 100% bonus depreciation is consdered, that is, what is the Year a groject cath flow? Inter vour answer as a positive valiet. Round your answer to the cearest dollar 1 c. What ane the arodect's annual cash flows diring Years 1, 2. and 37 . Do not round intermediate calculations, Round your answers to the nareat doilar. Yoar 115 Year 214 Year 3:5 d. Should the machine be purchased