not sure how to do this. use excel and show the formulas to get the anwsers please!

(Format as in Table 11.4 with working capital considerations in accordance with Table 11.7.) Computer-Aided Machining Company plans to invest in a state- of-the-art 5-axis machining center with invoice price of $450,000, freight of $25,000, site preparation $40,000, and installation costs of $35,000. The project also requires special tooling costing $50,000. The machining center has an expected life of ten years and the tooling only 5 years so tooling replacement is needed after the fifth year. The machining center is a 7-year depreciable asset and the tooling is a 3-year class. After it's useful life, the machining center is salvaged for $50,000 and the tooling is scrapped for $1500. The company expects to increase its annual production revenues by $400,000 with associated annual production costs of $45,000 direct materials, $75,000 direct labor, and $37,500 manufacturing overhead. Taxes are assessed at a 35% rate on taxable income. The company has decided to take an eight-year loan of $300,000 at 6% to help defray cash outlay and to establish working capital of $70,000. a) Develop the Income Statement and Cash Flow Statement covering the 10-year timeframe subject to 2% inflation with final cash flows expressed in Actual Dollars and then Constant Dollars. b) Determine the Present Worth of the project using a minimum attractive rate of return (MARR) of 15%. c) Determine the internal rate of return on actual dollars (IRR) and constant dollars (IRR). d) Do you recommend doing this project? (Format as in Table 11.4 with working capital considerations in accordance with Table 11.7.) Computer-Aided Machining Company plans to invest in a state- of-the-art 5-axis machining center with invoice price of $450,000, freight of $25,000, site preparation $40,000, and installation costs of $35,000. The project also requires special tooling costing $50,000. The machining center has an expected life of ten years and the tooling only 5 years so tooling replacement is needed after the fifth year. The machining center is a 7-year depreciable asset and the tooling is a 3-year class. After it's useful life, the machining center is salvaged for $50,000 and the tooling is scrapped for $1500. The company expects to increase its annual production revenues by $400,000 with associated annual production costs of $45,000 direct materials, $75,000 direct labor, and $37,500 manufacturing overhead. Taxes are assessed at a 35% rate on taxable income. The company has decided to take an eight-year loan of $300,000 at 6% to help defray cash outlay and to establish working capital of $70,000. a) Develop the Income Statement and Cash Flow Statement covering the 10-year timeframe subject to 2% inflation with final cash flows expressed in Actual Dollars and then Constant Dollars. b) Determine the Present Worth of the project using a minimum attractive rate of return (MARR) of 15%. c) Determine the internal rate of return on actual dollars (IRR) and constant dollars (IRR). d) Do you recommend doing this project