A $$68,000$ 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 $$84,000,$ with a $10-$year class life. The new

machine will not increase sales, but will decrease operating costs

by $$14,000$ 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?