Sroject P12-16 (similar to) ang capita ercent (Calculating project cash flows and NPV) The Guo Chemical Corporation is considering the purchase of a chemical analysis machine. The purchase of this machine will result in an increase in earnings before interest and taxes of $65,000 per year. The machine has a purchase price of $350,000, and it would cost an additional $6,000 after tax to install this machine correctly. In addition, to operate this machine property, Inventory must be increased by $18,000. This machine has an this project expected life of 10 years, after which time it will have no salynge value. Also, assume simplified straight-line depreciation, that this machine is being depreciated down st is the free te zero, a 31 percent marginal tax rate, and a required rate of return of 12 percent. d rate of ret a. What is the initial outlay associated with this project? b. What are the annual after-tax cash flows associated with this project for years through 92 c. What is the terminal cash flow in year 10 (that is, the annual fer tax cash flow in year 10 plus any additional cash flow associated with termination of the project)? d. Should this machine be purchased? The initial cash outlay Mnociated with this project is $. (Round to the nearest dolar)