Incremental operating cash inflows - Expense reduction Miler Corporaton is considenipg replacing a machine. The roplacement will reduce cpecating oupenses (liat is, incosse eamings betore. depreciation, interest, and taxos) by $16,000 per year for each of the 5 years the now machine is expected to lasi. Although the old machine has zero book valie, it can be used for 5 minere yoars. The dopreciable value of the new mechine is $48,000. The firm will depreciale the mactine under Machs using a 5 -yoar recovery and is subject to a 40 Fs taxiate. Estmate the ncrementai eperativg cash infloss generated by the replacement. (Note Be sure to consider the depreciation in year 6 ) Find the incremsental operating cast infows genecated by the replacensent for year. 1 below. (Round to the searest dolar) Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes 'These percentages have been rounded to the nearest whole percent to simplify calculations while retaining realism. To calculate the actual depreciation for tax purposes, be sure to apply the actual unrounded percentages or directly apply double-declining balance (200%) depreciation using the half-year convention