After spending a year and 51,000,

you finally have the design of your new product ready. In order to start production, you will need 27,000

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 103,000.

Your colleague notes that the new product could represent 10%

of the company's overall sales and that 10%

of overhead is 60,000.

Your tax rate is 38%.

As you start your analysis of the product, what should be your initial incremental free cash flow?