Alpha Beta Company, Inc., a manufacturer of toys, is considering replacing an existing piece of equipment with a more sophisticated machine. The firm pays $40$ percent taxes on ordinary income and capital gains. Given the following information, calculate the incremental after$-$tax cash flow $($relevant cash flows$)$ in year $1.$

Existing Machine

Cost $=34402$

Purchased $2$ years ago

Depreciation using straight$-$line method $(20\%$ depreciation each year$)$

Useful life $=5$ years

Current market value $=\{$B$\}$

Annual cash flows $=18129$

Proposed Machine

Cost $=118815$

Installation $=6380$

Depreciation using straight$-$line method $(20\%$ depreciation each year$)$

Useful life $=5$ years

Annual cash flows $=57484$