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Provide me a step by step answer for these questions using a financial calculator: To replace an old production line, Scotch Machinery needs to buy

Provide me a step by step answer for these questions using a financial calculator: To replace an old production line, Scotch Machinery needs to buy a new
one which cost $1,200,000. This new line will depreciate on straightline basis over its 6-year useful life. The old one cost the company
$800,000 four years ago and it had been depreciated also on straightline basis over its expected 10 years useful life. Now, the old line can
be sold only for $100,000. The new line should help the company to
increase sales by $300,000 per year. Expenses can be decreased by
$50,000 per year. Marginal tax applicable to the company is 40% and
its required rate of return on any investment is 10%.
a. Calculate the Net Present Value (NPV) of replacing the old production
line. Show the cash outlay and incremental cash flows clearly.
b. Explain the impact you may find on NPV from the following :
i. Increase in required rate of return on investment.
ii. Increase in operating cost of the new production line.
iii. The old production line can only be sold for a smaller amount.

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