Lundholm Corp. is considering the purchase of a robotic machine that would replace a manual labor production task. The purchase and installation of this machine would require an upfront cash commitment of \(\$ 3,000,000\). The machine would have a fiveyear expected life (and zero salvage value) and generate annual labor cost savings of \(\$ 900,000\). The machine will be depreciated over its expected life. Prepare a time line for this purchase that shows both the cash flow and accounting earnings effects for the machine's five-year life. Ignore taxes.