A proposed three-year project will require $400,000 for fixed assets and $15,000 for NWC. The fixed assets classified as three-year property for MACRS. At the end of the project, the fixed assets can be sold for $25,000. The net working capital returns to its original level at the end of the project. The operating cash flow per year is $65,000. The tax rate is 30 percent and the discount rate is 12 percent. What is the total cash flow in the final year of the project?

Year Depreciation Rate

1 0.20

2 0.32

3 0.19

4 0.12

5 0.11

6 0.06