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Mars Inc. is considering the purchase of a new machine thatcosts $80,000. This machine will reduce manufacturing costs by$20,000 annually. Mars will use the 3-year MACRS method (shownbelow) to depreciate the machine, and it expects to sell themachine at the end of its 5-year life for $10,000 salvage value.The firm expects to be able to reduce netoperating working capital by $8,000 when the machine is installed,but the net working capital will return to the original level whenthe project is over (i.e., after 5 years). Mars's marginal tax rateis 40 percent, and it uses a 12 percent cost of capital to evaluateprojects of this nature. Calculate the net cash flows of theproject.Be sure to put the cash flows in the order, i.e., CF0 in blank1, CF1 in blank 2, CF2 in blank 3, etc. Cash outflows should benegative numbers, and round it to a whole number, e.g.,-23,500.YearMACRS Percentage10.3320.4530.1540.07BLANK 1:___________BLANK 2:___________BLANK 3___________BLANK 4___________BLANK 5____________BLANK6_____________