Green Chips is a manifacturet of prototype chips based in Dublin, Irelind. Next yoar, in 2021, Green Chips expects to deliver 555 prototype chips at an everagn price of 355,000 . Greon Chips' marketing vice president forecists grosth of 100 prototype chips per year through 2027. That is, demand will be 555 in 2021, 655 in 2022, 755 in 2023 , and so on. (Cick the icon to view additional information.) The following data on the two options are avalabie: (Click the icen to viow the data on the twe options available and additonal inlormation.) Fint, determine the cash infows and outflows of the "modemice" alternative over the 2021 to 2027 period. (Use a minis sign or parentheses for a cash outflows. if an inpur feld in not uned n fle table, leove that input field emply, do not enter a zero.) Next, determine the cash inflows and outlows of the "replace" alternative over tee 2021102027 period. (Use a minus sign or parentheses for a cash outflows. If an ineut field is not used in the table. Veave that input field eimpty, do not entor a zero. More info The plant cannot produce more than 545 prototype chips annually. To meet future demand, Green Chips must either modernize the plant or replace it. The old equipment is fully depreciated and can be sold for $4,000,000 if the plant is replaced. If the plant is modernized, the costs to modernize it are to be capitalized and depreciated over the useful life of the modernized plant. The old equipment is retained as part of the "modernize" alternative. Data table Green Chips uses straight-line depreciation, assuming zero terminal disposal value. For simplicity, we assume no change in prices or costs in future years. The investment will be made at the beginning of 2021, and all transactions thereafter occur on the last day of the year. Green Chips' required rate of return is 18%. There is no difference between the "modernize" and "replace" alternatives in terms of required working capital. Green Chips has a special waiver on income taxes until 2027. Requirements 1. Calculate the cash inflows and outflows of the "modernize" and "replace" alternatives over the 20212027 period. 2. Calculate payback period for the "modernize" and "replace" alternatives. 3. Calculate net present value of the "modernize". and "replace" alternatives. 4. What factors should Green Chips consider in choosing between the alternatives? Green Chips is a manifacturet of prototype chips based in Dublin, Irelind. Next yoar, in 2021, Green Chips expects to deliver 555 prototype chips at an everagn price of 355,000 . Greon Chips' marketing vice president forecists grosth of 100 prototype chips per year through 2027. That is, demand will be 555 in 2021, 655 in 2022, 755 in 2023 , and so on. (Cick the icon to view additional information.) The following data on the two options are avalabie: (Click the icen to viow the data on the twe options available and additonal inlormation.) Fint, determine the cash infows and outflows of the "modemice" alternative over the 2021 to 2027 period. (Use a minis sign or parentheses for a cash outflows. if an inpur feld in not uned n fle table, leove that input field emply, do not enter a zero.) Next, determine the cash inflows and outlows of the "replace" alternative over tee 2021102027 period. (Use a minus sign or parentheses for a cash outflows. If an ineut field is not used in the table. Veave that input field eimpty, do not entor a zero. More info The plant cannot produce more than 545 prototype chips annually. To meet future demand, Green Chips must either modernize the plant or replace it. The old equipment is fully depreciated and can be sold for $4,000,000 if the plant is replaced. If the plant is modernized, the costs to modernize it are to be capitalized and depreciated over the useful life of the modernized plant. The old equipment is retained as part of the "modernize" alternative. Data table Green Chips uses straight-line depreciation, assuming zero terminal disposal value. For simplicity, we assume no change in prices or costs in future years. The investment will be made at the beginning of 2021, and all transactions thereafter occur on the last day of the year. Green Chips' required rate of return is 18%. There is no difference between the "modernize" and "replace" alternatives in terms of required working capital. Green Chips has a special waiver on income taxes until 2027. Requirements 1. Calculate the cash inflows and outflows of the "modernize" and "replace" alternatives over the 20212027 period. 2. Calculate payback period for the "modernize" and "replace" alternatives. 3. Calculate net present value of the "modernize". and "replace" alternatives. 4. What factors should Green Chips consider in choosing between the alternatives