please show work. thanks not excel but by hand please.

Initial investment at various sale prices Edwards Manufacturing Company (EMC) is considering replacing one machine with another. The old machine was purchased 3 years ago for an instaled cost of $10,000 The firm is depreciating the machine under MACRS, using a 5-year recovery period. (See table for the applicable depreciation percentages.) The new machine costs $23,200 and requires $2.010 in instalation costs. The firm is subject to a 40% tax rate. In each of the following cases, calculate the initial investment for the replacement a. EMC sells the old machine for $13,000. b. EMC sells the old machine for $6,940 c. EMC sells the old machine for $2,900 d. EMC sells the old machine for $1,400. Calculate the initial investment at various sale prices below. a, EMC sells the old machine for $13,000. (Round to the nearest dollar) (a) Cost of new asset Installation cost Total installed cost Proceeds from sale of old asset Tax on sale of old asse Tobal ater-tax proceeds initial investment View an example $ $ 5 S $ Etext pages Get more help- Data table. First Four Property Classes Recovery year 2 4 5 6 7 8 3 years 33% 45% 15% 7% 12% 95 8% 7% 6% 6% ON 4% 11 100% 100% 100% 100% Total These necentes have been munded in the nearest whole nescent to simli ales lations whi D 10 Percentage by recovery year 5 years 7 years 20% 14% 32% 25% 19% 10% 12% 12% Print 12% 5% Done 10 years 10% 18% 14% 9% 95 9% 4% X Question Viewer wor