PC Shopping Network may upgrade its modem pool. It last upgraded 2 years ago, when it spent $100 million on equipment with an assumed life of 5 years and an assumed salvage value of $12 million for tax purposes. The firm uses straight-line depreciation. The old equipment can be sold today for $80 million. A new modem pool can be installed today for $150 million. This will have a 3-year life and will be depreciated to zero using straight-lin per year and decrease worthless, Assume the firm's tax rate is 35% and the discount rate for projects of this sort is 10%. e depreciation. The new equipment will enable the firm to increase sales by $25 million operating costs by $10 million per year. At the end of 0 years, the new equipment will be o. What is the net cash flow at time O if the old equipment is replaced? (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) b. What are the incremental cash flows in years 1,2, and 39 (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) c. What are the NPV and IRR of the replacement project? (Do not round intermediate calculations. En rounded to 2 decimal places. Enter the IRR as a percent rounded to 2 decimal places.)