K\&M Winery has an old wine press that the company wants to replace with a more efficient press. The new press costs $110,000 with an additional $10,000 in installation costs. The old press, was purchased two years ago for a cost of $60,000 and $10,000 in installation costs. It can be sold for a price of $40,000 today. The old press was depreciated under the MACRS 3-year recovery schedule while the new press will,be depreciated under the MACRS 5 year recovery schedule. K8M Winery projects revenues to be $250,000 more, wis thich hiw press each year for the next three years. Expenses are 80% of sales. The firm is in the 21% tax rate: Calculate the capital spending cash flows for acquiring the new asset and sefling the ofd