P11-1 (similar to) 8 Question Help Relevant 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 investment of $121,000 and will generate annual operating cash inflows of $20,000 for the next 16 years. In each of the 16 years, maintenance of the project will require a $5,000 cash outflow. b. A new machine with an installed cost of $90,000. 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 $17,000 in each year of a 6-year period. At the end of year 6, liquidation of the new machine will yield $25,000 after taxes, which is $10,000 greater than the after-tax proceeds expected from the old machine had it been retained and liquidated at the end of year 6. c. An asset that requires an initial investment of $3 million and will yield annual operating cash inflows of $299,000 for each of the next 10 years. Operating cash outlays will be $25,000 for each year except year 5, when an overhaul requiring an additional cash outlay of $497,000 will be required. The asset's liquidation value at the end of year 10 is expected to be zero