Integrative - Determining relevant cash flows Lombard Company is contemplating the purchase of a new high-speed widgnt grinder to replace the existing grindor. The oxithng grinder was purchased 2 years ago at an instaled cost of 559,500 ; 2 was being deprecaled under MacRS using a 5 -year recovery period. The existing grinder is expected to have a usable Ife of 5 more years. The new grinder costs $108,100 and requires $5,000 in installation costs; it has a 5 -yoar usable lfe and would be depreciated under MACRS using a 5-year recovery period. Lombard can currenty sell the existing grinder for $69,800 without incurring any removal or cleanup costs. To support the existing orindec would heve a market value of zero, the new grinder would be sold to net $28,100 after removal and cleanup costs and before taxes. The fim is subpect a 40%5 tax rate. The estimuted earnings bofore depreciation, interest, and taxes over the 5 years for both the new and the ewisting grinder are shown in the following tabie depreciation percentagec) a. Calculate the infial investment associated with the replacement of the existing grinder by the new one. b. Determine the operating cosh infows assoolated with the proposed grinder replacement. (Note: Be sure to considne the depreciation in yoar 6 ) c. Determine the forminat cash fow expected at the end of year 5 from the proposed grinder reglacement a. Depict on a time Ine the rolevant cash fows associated with the proposed grinder replacomont decision Data table (Click on the icen here in order to copy the conterts af the data table below into a spreadcheet.)