please help on solving the question below! show all work and steps please!

A hardware company is considering replacing an old, fully depreciated power machine. Two

options are available: 1. An electric-powered machine (Project E), which has an initial cost of

$360,000, a 6-year life, and expected after-tax cash flows of $102,000 per year; 2. A gas-

powered machine (Project G), with an initial cost of $190,000, a 3-year expected life, and

expected after-tax cash flows of $90,000 per year, and Assume that the company's cost of

capital is 14%.

a. Would you recommend the company replace the old machine? Please conduct a

quantitative analysis to answer this question