Modern Chips is a manufacturer of prototype chips based in Dublin, Ireland. Next year, in 2021, Modern Chips expects to deliver 575 prototype chips at an average price of $105,000. Modern Chips' marketing vice president forecasts growth of 45 prototype chips per year through 2027. That is, demand will be 575 in 2021, 620 in 2022, 665 in 2023, and so on, (Click the icon to view additional information.) The following data on the two options are available: (Click the icon to view the data on the two options available and additional information.) Present Value of $1 table Read the requirements. Present Value of Annuity of $1 table Future Value of $1 table Future Value of Annuity of $1 table Requirement 1. Calculate the cash inflows and outflows of the "modernize" and "replace" alternatives over the 2021-2027 period. First, determine the cash inflows and outflows of the "modernize" alternative over the 2021 to 2027 period. (Use a minus sign or parentheses for a cash outflows. If an input fiel is not used in the table, leave that input field empty, do not enter a zero.) Year Units sold Jan 1, 2021 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026 Dec 31, 2027 Net cash contributions Initial Investments Proceeds from sale of equipment