To be resolved the following:

The four-year- $25,000. Upgrading w Toledo Healthcare Inc. is deciding between upgrading the company's existing computer system or replacing it with a new one. Upgrading old system will cost $100,000 and extend its useful life for another seven years. The book value is $20,000, although it would sell for ill eliminate one employee at a salary of $20,000; the new computer will eliminate two employees. Additional annual perating costs are estimated at $15,000 per year. Upgrading is ex pected to increase profits 3.5% above last year's level of $500,000. The Maumee Company has quoted a price of $200,000 for a new computer with a useful life of seven years. Annual operating costs are estim to be $15,00 0 The average processing speed of the new computer is 12% faster than that of other system s in its price range, which would increase profits by 4.5%. Toledo's present tax rate is 35%, and the cost of financing (minimum desired rate of return) is 1 1%. After se calendar years; a half year the first and last years), and the depreciation percentages are as follows: value, net oftax, $12,000 for the new computer and $7,500 for the present system. For tax purposes, computers are depreciated over five full years (six ven years, the salvage Year Percent (%) 1 20.00 2 32.00 3 19.20 4 11.52 5 11.52 6 5.76 Required Using a spreadsheet (attached to this question), prepare an economic feasibility analysis to determine if Toledo should rehabilitate the old system or purchase the new computer. As part of the analysis, compute the after-tax cash flows for years 1 through 7 and the payback, NPV (Excel syntax