A four-year project has cash flows before taxes and depreciation of $12,000 per year. The project requires the purchase of a $50,000 asset that will be depreciated over five years straight-line. At the end of the fourth year the asset will be sold for $14,000. The firm's marginal tax rate is 33%. Calculate the cash flows associated with the project. (For convenience assume the gain on the sale of the asset is taxed at 33%.) Use a minus sign to indicate negative cash flows or decreases in cash, if required. Year Net Cash Flow 0 $ 1 $ 2 $ 3 $ 4 $