The Everty Equipment Company's flange-lipping machine was purchased 5 years ago for $65,000. It had an expected life of 10 years when it was bought and emaining depreciation is $6,500 per year for each year of its remaining life. As older flange-lippers are robust and useful machines, this one can be sold for 520,000 at the end of its useful life. A new high-efficiency digital-controlled flange-lipper can be purchased for $130,000, including installation costs. During its 5 -year life, it will reduce cash operating expenses by $30,000 per year, although it will not affect sales. At the end of its useful life, the high-efficiency machine is estimated to be worthiess. MACRS depreciation will be used, and the machine will be depreciated over its 3 -year class life rather than its 5 -year economic ife, so the applicable depreciation rates are 33.33%,44.45%,14.81%, and 7.41%. The old machine can be sold today for $35,000. The firm's tax rate is 35%, and the appropriate cost of capital is 15%. a. If the new flange-lipper is purchased, what is the amount of the initial cash flow at Year o? Round your answer to the nearest dollar. Cash outflow, if any, should be indicated by a minus sign. $ b. What are the incremental net cash fows that will occur at the end of Years 1 through 5 ? Do not round intermediate calculations. Round your answers to the nearest dollar, Cash outflows, if any, should be indicated by a minus sign. c. What is the NPV of this project? Do not round intermediate calculations. Round your answer to the nearest whole dollar. Negative value, if any, should be indicated by a minus sign. $ Should Everfy replace the flange-lipper