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 . 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 )