PC Shopping Network may upgrade ns modem pool it last upgraded 2 years ago. when it spent $140 million on equipment with an assumed life of 5 years and an assumed salvage value of $20 million for tax purposes The firm uses straight-line depreciation The old equipment can be sold today for $100 million A new modem pool can be installed today for $210 million This will have a 3-year life and will be depreciated to zero using straight-line depreciation The new equipment will enable the firm to increase sales by $28 million per year and decrease operating costs by $ 14 million per year At the end of 3 years, the new equipment will be worthless Assume the firm's tax rate is 35% and the discount rate for projects of this son is 9% What is the net cash flow at time 0 if the old equipment is replaced? (Negative amounts should be Indicated by a minus sign. Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) What are the incremental cash flows in years 1, 2 and 3? (Do not round intermediate calculations. Enter your answer In millions rounded to 2 decimal places.) What are the NPV and IRR the replacement project? (Do not round intermediate calculators. Enter the NPV In millions rounded to 2 decimal places. Enter the IRR as a percent rounded to 2 decimal places.)