ABC, Inc is planning the purchase of a new equipment which will cost $39,942. The project is expected to last for 7 years. The equipment will have a book value of $2,994 at the end of Year 7. The increase in net working capital is expected to be $3,294, all of which will be recouped at the end of the project. The project is expected to have annual operating cash flows of $17,064. What is the Total Cash Flow in Year 7 of the project if the equipment can be sold for $4,694 and the tax rate is 32%?

Note: In the last year of the project, the Total Cash Flow = Operating Cash Flow + Terminal Cash Flow.