PLEASE DO IN EXCEL

The Zinnz is considering a new machine that costs $350,000 and would reduce pre-tax manufacturing costs by $110,000 annually. The Zinnz would use the 3-year MACRS method to depreciate the machine, and the management thinks the machine would have a value of 33,000 at the end of its 5-year operating life. The applicable depreciation rates are 33.33%, 44.45%, 14.81%, and 7.41%. The project requires an initial working capital of $35,000, then it will be recovered at the end of the project's 5-year life. The Zinnz's marginal tax rate is 40%, and a 10% WACC is appropriate for the project. Estimate the free cash flow for this project