Jack McGuire has been with Bulk Productions Group $($BPG$)$ for $14$ years. BPG produces avariety of custom livestock feeds used in the agricultural industry. He was recently promoted toplant controller at BGP$\text{'}$s Midwest facility located in Ithaca, Michigan. During his first week inthe Ithaca plant, he began to analyze the cost efficiencies of the current level direct labor andautomation costs at BPG$\text{'}$s production site.McGuire decides to start slow with a project testing the increased automation of their horse feedline. Below are the projected costs of the expansion in automation, given a $5-$year useful life ofthe robotic equipment:Cost of AutomationPurchase price of new robotic equipment $$1,450,000$Sales tax on equipment $$87,000$Shipping cost of equipment $$63,000$Equipment installation $$175,000$Software $$98,000$Initial system and equipment testing $$25,000$Equipment scrap value after five years $$70,000$Annual Warranty Service Contract $$21,000$Other information:$1)$ The robotics proposal will eliminate one plant supervisor position with a salary of $$98,000$ peryear$\mathrm{.}2)$ Two machine maintenance workers will need to be hired at a salary of $$41,000$ each$\mathrm{.}3)$ The automation and related electronics will increase energy usage by $$126,000$ per year$\mathrm{.}4)$ The software will create an expected savings of $$210,000$ per year due to a reduction ininventory spoilage$\mathrm{.}5)$ Automation efficiencies will create a one$-$time $$150,000$ cost reduction in BPG$\text{'}$s inventorystored in their warehouse$\mathrm{.}6)$ Automation will replace $25,000$ labor hours annually, costing $$16$ per hour$\mathrm{.}7)$ BPG$\text{'}$s International Home Office in Cedar Rapids, Iowa expects a $16\%$ return on any newinvestments in production. Create a table that shows the total initial cash flows for the investment in the equipment and cash flows. How do I find the annual net savings?