Operating cash inflows. A firm is considering renewing is equipment to meet incteased demand foc its product. The cout of equipment modifications is $1,94 milion plus $115,000 in installaton costs. The firm will depreciate the equipment modfications under MACRS, using a 5-year recovery period (see table 1. Additional sales reverue from the rentrwal should amount to $1.12 milion por yeac, and additional operating expenses and other costs (exclusing depreciation and interest) wit amount to 35\%of the addifional sabs. The firm is subject to a tax rate of 21% (Nole; Answer the following questions for each of the next 6-years.) a. What net incremental eamings before depreclation, interest, and taxes will result from the renewal? a. What net incremental eamings belore deprecation, interest, and taxes wil tost? c. What net incremental operating cosh imflows will result from the renewal? a. The not incremental protes before depreciasion and tax are ? (Round to the nearest dollar.) Data table (Click on the icon here D1 in order to copy the contents of the data table below into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes "These percentages have been rounded to the nearest whole percent to simpiry caiculations wriue retaining realism. To calculate the actual depreciation for tax purposes, be sure to apply the actual unrounded percentages or directly apply double-declining balance (200%) depreciation using the half-year convention