BKM Industries spent $$10,000$ on a feasibility study to expand its production capacity. The company decided to go ahead with the expansion: It will need to buy a new machine for $$52,000$ and spend $$8,000$ on installing it$.$ The machine will be depreciated linearly to zero over a $5-$year period and it will have no salvage value.

The machine will create $$84,000$ in incremental revenues per year and $$58,800$ in incremental costs per year. The company's marginal tax rate is $34\%.$

What is the incremental incremental cash flow associated with the expansion in year $0($initial investment$)?$

What is the incremental incremental cash flow associated with the expansion in year $1?$