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(Calculating project cash flows and? NPV)Raymobile Motors is considering the purchase of a new productionmachine for $ 550,000. The purchase of this machine will result inan increase in earnings before interest and taxes of $ 100,000 peryear. To operate this machine? properly, workers would have to gothrough a brief training session that would cost $ $26,000 aftertax. In? addition, it would cost ?$ 6,000 after tax to install thismachine correctly. ? Also, because this machine is extremely?efficient, its purchase would necessitate an increase in inventoryof ?$ 24,000. This machine has an expected life of 10 ?years, afterwhich it will have no salvage value. Assume simplified?straight-line depreciation, that this machine is being depreciateddown to? zero, a 30 percent marginal tax? rate, and a required rateof return of 12 percent.a.??What is the initial outlay associated withthis? project?b.??What are the annual? after-tax cash flowsassociated with this project for years 1 through 9??c.??What is the terminal cash flow in year 10?(that is, the annual? after-tax cash flow in year 10 plus anyadditional cash flows associated with termination of the?project)?d.??Should this machine be? purchased?