AUS TAX IS 30% !

Swindler Ltd has completed a feasibility study costing $20,787 to determine if there is any benefit in purchasing a new asset. The machine will cost $253,103 and an additional $12,079 will need to be spent to have the machine in operational state. Before the machine can be used staff must be trained at a further cost of $9,257. The project is expected to last for 5 years and the Taxation Office has confirmed this. At the end of the project the machine will be fully depreciated. Initial advertising costs are expected to $33,691 and additional stock of $62,493 will be needed. Wages will change from $85,000 to $55,413 and Fixed Costs will remain at $45,778. The new machine is expected to prodiice sales of $1,357,203 in the first year and will grow by 13% each year of the project. Material costs will be 20% of sales in each year. You are required to calculate the net cash flow (round to the nearest dollar and DO NOT include $ sign) that would appear in Year 1 of a Capital Budget. Assume the Australian Company tax Rate applies