Burger Botanicals produces a wide range of herbal supplements sold nationwide through independent distributors. In response to an increasing demand for its products, the company is considering the purchase of a new packaging machine to replace the seven-year-old machine currently in use. The new machine will cost $168,800, and installation will require an additional $3,125. The machine has a useful life of 10 years and is expected to have a salvage value of $3,940 at that time. The variable cost to operate the new machine is $10.90 per carton compared to the current machines variable cost of $11.02 per carton, and Burger expects to pack 252,000 cartons each year. If the new machine is purchased, Burger will avoid a required $10,800 overhaul of the current machine in three years. The current machine has a market value of $12,700.

Identify the amount and timing of all cash flows related to the acquisition of the new packaging machine.