Mega Company purchased two year ago equipment for RMl million; its estimated life was five years and expected salvage value as estimated at the time of purchase was zero The equipment has a current market value of RM300,000. More efficient equipment can be purchased today for RM3 million and is expected to last 5 years, at which time its expected salvage value would be RM300,000. However, the new equipment would be deprcciatcd over only four years to zero salvage valuc Mega would realize, on purchasing the new equipment, a RMl million per year opcrating cosl savings (excluding depreciation) by replacing the old equipment with the new equipment. And net working capital requirement would decrease by RM75,000 on the purchase of the new equipment However, the net working capital requirement would increase by RM75,000 at the end of the useful life of the new equipment. Estimate the cash flows associated with the acquisition of the new equpment assuming that a) the tax rate applicable to both regular income and capital gains of Mega is 30%; an b) the company follows straight-line depreciation method