Net cash flow and timeline depiction For each of the following projects, determine the net cash flows, and depict the cash flows on a time line. a. A project that requires an initial cash flow of $122,000 and will generate annual operating cash inflows of $28,000 for the next 20 years. In each of the 20 years, maintenance of the project will require a $5,500 cash outflow. b. A new machine with an installed cost of $80,000. Sale of the old machine will yield $29,000 after taxes. Operating cash inflows generated by the replacement will exceed the operating cash inflows of the old machine by $15,000 in each year of a 6-year period. After 6 years, liquidation of the new machine will yield $23,000 after taxes, which is $12,000 greater than the after-tax proceeds expected from the old machine had it been retained and liquidated after 6 years. 6 c. An asset that requires an initial cash flow of $3 million and will yield annual operating cash inflows of $307,000 for each of the next 10 years. Operating cash outlays will be $16,000 for each year except year 5, when an overhaul requiring a cash outlay of $499,000 will be required. The asset's liquidation value at the end of year 10 is expected to be zero. a. A project that requires an initial cash flow of $122,000 and will generate annual operating cash inflows of $28,000 for the next 20 years. In each of the 20 years, maintenance of the project will require a $5,500 cash outflow. (Select all the choices that apply.) A. At year 0, the initial cash flow will be - $122,000. For each of the years 1 thru 20, the net cash flow will be $28,000. B. This is a conventional cash flow pattern, where the cash inflows are of equal size, which is referred to as an annuity. C. At year 0, the initial cash flow will be - $122,000. For each of the years 1 thru 20, the net cash flow will be $28,000 - $5,500 = $22,500. D. Year 0 1 2 3 18 19 20 Cash flow - $122,000 $22,500 $22,500 $22,500 $22,500 $22,500 $22,500