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 $116,000 and will generate annual operating cash inflows of $21,000 for the next 20 years. In each of the 20 years, maintenance of the project will require a $5,400 cash outtlow. b. A new machine with an installed cost of $84,000. Sale of the old machine will yield $33,000 after taxes. Operating cash inflows generated by the replacement will exceed the operating cash inflows of the old machine by $16,000 in each year of a 6 -year period. After 6 .years, liquidation of the new machine will yield $16,000 after taxes, which is $8,000 greater than the after-tax proceeds expected from the old machine had it been retained and liquidated after 6 years. c. An asset that requires an initial cash flow of $4 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 $498,000 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 $116,000 and will generate annual operating cash inflows of $21,000 for the next 20 years. In each of the 20 years, maintenance of the project will require a $5,400 cash outflow. (Select all the choices that apply.) A. At year 0 , the initial cash flow will be $116,000. For each of the years 1 thru 20 , the net cash flow will be $21,000$5,400=$15,600. B. C. This is a conventional cash flow pattern, where the cash inflows are of equal size, which is referred to as an annuity. D. At year 0 , the initial cash flow will be $116,000. For each of the years 1 thru 20 , the net cash flow will be $21,000