After spending a year and $$$$50$ comma $000,$ you finally have the design of your new product ready. In order to start$$ production, you will need $$$$30$ comma $000$ in raw materials and you will also need to use some existing equipment that$$ you've fully$$ depreciated, but which has a market value of $$$$100$ comma $000.$ Your colleague notes that the new product could represent $10\%$ of the$$ company's overall sales and that $10\%$ of overhead is $$$$60$ comma $000.$ Your tax rate is $25\%.$ As you start your analysis of the$$ product, what should be your initial incremental free cash$$ flow?

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Part $1$

The initial incremental free cash flow is $$$

$$

enter your response here. $($Round to the nearest dollar. Be sure to use a negative sign if the answer is$$ negative.$)$