Nokela Industries purchases a $\backslash (\backslash$$ $39\mathrm{.}7\backslash )$ million cyclo$-$converter. The cyclo$-$converter will be depreciated by $\backslash (\backslash$$ $7\mathrm{.}94\backslash )$ million per year over $5$ years, starting this year. Suppose Nokela's tax rate is $\backslash (35\backslash \%\backslash ).$

a$.$ What impact will the cost of the purchase have on earnings for each of the next $5$ years?

b$.$ What impact will the cost of the purchase have on the firm's cash flow for the next $5$ years?

a$.$ What impact will the cost of the purchase have on earnings for each of the next $5$ years?

The impact on earnings will be $\backslash (\backslash$$ $\backslash )$ million each year for $5$ years. $($Round to two decimal places. Use a negative sign for a decrease in value.$)$

b$.$ What impact will the cost of the purchase have on the firm's cash flow for the next $5$ years?

The impact on the firm's cash flow in Year $1$ is $\backslash (\backslash$$ $\backslash )$ million. $($Round to two decimal places. Use a negative sign for a decrease in value.$)$

The impact on the firm's cash flow in years $2$ through $5$ is $\backslash (\backslash$$ $\backslash )$ million. $($Round to two decimal places.$)$