Please answer in excel format.

P11-12 Initial investment: Basic calculation Cushing Partners is considering the purchase using a 5-year recovery period. (See Table 4.2 for the applicable depreciation percent PART FIVE Long-Term Investment Decisions 3 LG new grading machine to replace the existing one. The resisting machine was purchase The new machine costs $35,000 and requires $5,000 in installation costs; it will be ages.) The existing machine is expected to have a usable life of at least 5 more yeni depreciated using a 5-year recovery period under MACRS. The existing machine can currently be sold for $25,000 without incurring any removal or cleanup costs. The firm is subject to a 40% tax rate. Calculate the initial investment associated with the proposed purchase of a new grading machine