ABC, Inc is planning the purchase of a new equipment which will cost $39,945. The project is expected to last for 8 years. Theequipment will have a book value of $3,704 at the end of Year 8.The increase in net working capital is expected to be $3,059, all of which will be recouped at the end of the project. The project is expected to have annual operating cash flows of $18,125.What is the Total Cash Flow in Year 8 of the project if the equipment can be sold for $4,975 and the tax rate is 25%?

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