Suppose that Just-in-Time Donuts is considering replacing one of its existing ovens. The original oven cost \($100,000\) when purchased five years ago and has been depreciated by \($9,000\) per year since then. Just-in-Time thinks that it can sell the old machine for \($65,000\) if it sells today, and for \($10,000\) by waiting another five years until the oven’s anticipated life is over. Just-in-Time is considering replacing this oven with a new one, which costs \($150,000\), partly because the new oven will save

\($50,000\) in costs per year relative to the old oven. The new oven will be subject to three-year class life DDB depreciation under MACRS, with an anticipated useful life of five years, but is ineligible for either bonus depreciation or Section 179 expensing. At the end of the five years, Just-in-Time will abandon the oven as worthless. If Just-in-Time faces a marginal tax rate of 21 percent, what will be the total project cash flows if it replaces the oven?