ABC is considering a proposal to replace one of its plant costing Rs 60,000 and having a written down value of Rs 24,000. The remaining economic life of the plant is 4 years after which the salvage value will be zero. However if sold today, it has salvage value of Rs 20,000. The new machine costing Rs 1,30,000/-and is expected to contribute additional annual benefit ( before depreciation and taxes) of Rs 60,000. The life of new machine will be four years and the salvage value expected will be Rs 18000. Find out the cash flow associated with this decision given that the tax rate applicable to the firm is 40% ( The capital gain or loss may be taken as not a subject to tax )