Please solve and explain

XYZ Company is considering whether a project requiring purchasing of new equipment worth investing. The firm has spent $12,000 on consulting 2 months prior to the project as well as $7,000 in market study about a year ago. In order to start the new project, the firm has to replace the old machine which has a book value of S0 and will be scraped. The new machine will cost the firm S220,000. In order to make the machine working condition, XYZ will spend S7,000 in installation and $3,000 in shipping. Since it will produce more, S10,000 investment in net working capital is required. The project will increase annual revenues by $125,000 and will increase annual operating cost by S45,000. The company has a marginal tax rate of 34%. It has the cost of capital of 14% and the project will last 5 years. What is the initial outlay of this project? What is the initial o tlay of his project Rundto he nearest penny. Do not include a dollar sign in your answer. Type the absolute value of the answer. (L.e. If your answer is-$20,000 since it is cost to replace, type 20000 as your answer.) 6 The cost of new machine is $220,000. The cost of shipping is $10,000 and of installation is $20,000. The required working capital is $25,000. Using the3- year MACRS schedule, determine the depreciation expense in year 4. Round to the nearest penny. Do not include a dollar sign. Year 3-YR MACRS 33.33% 44.45% 14.81% 7.41%