Use below information to answer question 3: Advanced Packaging Corp. is considoring purchasing a new $9,000 packaging machine to replace a fully depreciated packaging machine that will lust three more years. The new machine is expected to have a three-year life and a straight-line depreciation With the new packaging machine, the firm expects Revenues to be $8,000 a year for years 1-3 - Experson to be $4.000 (excluding depreciation) a year for years 1-3 With the old packaging machine, the firm expects Revenues to be $4,500 a year for years 1-3 Expenses to be $4,000 (excluding depreciation) a year for years 1-3 The firm is in the 40% tax bracket Assume that the cash outflow of $9,000 for the machine occur during year o. If the firm has a required rate of return of 3% Calculate the incremental cash flows with the new machine for years 1-3: $600 $3,600 $1,000 $3,300