Incremental operating cash inflows-Expense reduction Miller Corporation is considering replacing a machine. The replacement will reduce operating expenses (that is, increase earnings before depreciation, interest, and taxes) by $18,000 per year for each of the 5 years the new machine is expected to last. Although the old machine has zero book value, it can be used for 5 more years. The depreciable value of the new machine is $45,000. The firm will depreciate the machine under MACRS using a 5-year recovery and is subject to a 40% tax rate. Estimate the incremental operating cash inflows generated by the replacement. (Note: Be sure to consider the depreciation in year 6.) ;lick on the icon here in order to copy the contents of the data table below into spreadsheet.) ounded Depreciation Percentages by Recovery Year Using MACRS for rst Four Property Classes taining realism. To calculate the actual depreciation for tax purposes, be sure to apply the actui rounded percentages or directly apply double-declining balance (200%) depreciation using Find the incremental operating cash inflows generated by the replacement for year 1 below: (Round to the nearest dollar.) Find the incremental operating cash inflows generated by the replacement for year 2 below: (Round to the nearest dollar.) Find the incremental operating cash inflows generated by the replacement for year 3 below: (Round to the nearest dollar.) Find the incremental operating cash inflows generated by the replacement for year 4 below: (Round to the nearest dollar.) Find the incremental operating cash inflows generated by the replacement for year 5 below: (Round to the nearest dollar.) Find the incremental operating cash inflows generated by the replacement for year 6 below: (Round to the nearest dollar.)