(10 points) Evanston Quick-Print Shop is considering a new automatic copying machine that can be purchased for $14,800. Delivery will cost $300, and set-up will cost $500. The machine will be paid for and placed in service on December 31, 2022. It will be depreciated using a 5-year MACRS technique. The firm currently faces a 40% tax bracket. a. (2 points) What is the initial relevant cash flow to acquire the machine? b. (4 points) The copying machine described above is expected to last five years, producing approximately 1 million copies. Copies will sell for an average of 6 cents each. Material, labor, and other variable costs will be about 3 cents a copy. Working capital needs will be negligible as copying with this machine will be almost all on a cash basis, and current liabilities will offset the supplies inventory need. Determine the relevant cash flows (associated with the operation) for 2023 through 2027. c. (2 points) The copying machine described above is sold at the end of the 5-year life for $500. What is the terminal cash flow? d. (2 points) Evanston Quick-Print has a required return of 14%. Is the copying machine an attractive investment?