Alpha Manufacturing has embarked on a post-audit review for one of their underperforming projects. The project required the firm to purchase specialised machinery 3 years ago that cost $222230. The firm also had to pay an additional $10160 for delivery and installation. These costs were to be depreciated over 8 years to a $0 residual value. An initial increase of $63401 was also made in net working capital because of the project, as well as further increases of $13824 per annum. Due to the recent underperformance, Alpha Manufacturing is intending to terminate the project and sell the specialised machinery for $66736. The firms marginal tax rate is 30 percent. What is the termination cash flow of this project if the firm decides to liquidate the underperforming project today? Round your answer to 2 decimal places.

The correct answer is 195,161.33 0.02%.

Can you show me a solution?