Maharatna Ltd$.$ Is interested in finding the cash flows associated with the replacement of an old

machine with a new machine. The old machine was bought a few years ago, and has a book value

of Rs$.30,00,000,$ and a resale value of the same. It is expected to be used for another five years after

which its salvage value will become Nil. It is being depreciated annually at $10\%$ using written down

value method. The new machine will cost Rs$.100,00,000.$ It is expected to fetch Rs$.60,00,000$ after

five years when it will no longer be required. It will be depreciated annually by $10\%$ using WDV

method. The new machine will, however, bring a savings of Rs$.30,00,000$ in terms of reduced

manufacturing costs. However, investment in working capital would remain unaffected. The tax rate

applicable is $50\%.$ Formulate the cash flows associated with the project.