Project Description: In this problem, you will compare two mutually exclusive capital expenditure opportunities (whether to replace an old machine with a new machine) and recommend the best course of action for the company.Note that this is a two-part spreadsheet. Both parts must be completed correctly to earn all of the possible points. Steps to Perform: Step Instructions Points Possible 1 Start Excel. Download and open the workbook named: Zutter_Spreadsheet_Chapter_11_Start.xlsx In cell G52, by using cell references to the given data, calculate the depreciation for year 1 of the old machine. In cell G53, by using cell references to the given data, calculate the depreciation for year 2 of the old machine. In cell G54, by using cell references to the given data, calculate the depreciation for year 3 of the old machine. 3 2 In cell H55, by using cell references to the given data, calculate the total accumulated depreciation of the old machine. 1 3 In cell H57, by using cell references to the given data, calculate the book value of the old machine at the end of year 3. 1 4 In cell H59, by using cell references to the given data, calculate the recaptured depreciation. 1