please see image below. Also pleae mention how depreciation is found.

Relevant cash flows-No terminal value Certral Laundry and Cleaners is considening replacing an existing pece of machinery with a more sophisticated machine. The old machine was purchased 3 yoars apo at a cost of \$48,100, and this amount was being deprecialed under MACRS using a 5 yeat recovery period The machine has 5 years of usable life remaining. The new machine that is being considered costs $75,700 and requies $3,700 in installation conts. The new machine would be depreciated under MACRS using a 5 year recovery period. The firm can currently selt the old machine for 555,900 without incurning any removal or clewnup costs. The firm is sublect to a tisk tate of 403 . The revenues and experses (excluding depteciation and interest) associated wth the new and the old machines for the next 5 yoars are given in the table III. (Table III contans the applicable MACRS depreciation percentages ) Note: The new machine wil have no terminal value at the end of 5 yoars. a. Calculate the inithal irvestment associated wth replacement of the od machere try the new one b. Determine the increriental operating cash inflowr associaled wth the proposed replacement. Nate: Be suro to contidor the deprociation in yewar 6 ) c. Depict on a time line the televant cash flows found in pars (a) and (b) associated wht the proposed replacement decision