A $$66,000$ machine with a $8-$year class life was purchased $2$ years ago. The machine will

now be sold for $$50,000$ and replaced with a new machine costing $$85,000,$ with a $10-$

year class life. The new machine will not increase sales, but will decrease operating costs

by $$20,000$ per year. Simplified straight line depreciation is employed for both machines,

and the marginal corporate tax rate is $34$ percent. What is the incremental annual cash

flow associated with the project?