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 $175,050, and installation will require an additional $3,250. The machine has a useful life of 10 years and is expected to have a salvage value of $3,765 at that time. The variable cost to operate the new machine is $11.65 per carton compared to the current machine's variable cost of $11.74 per carton, and Burger expects to pack 257,000 cartons each year. If the new machine is purchased, Burger will avoid a required $11,425 overhaul of the current machine in three years. The current machine has a market value of $13,075 Identify the amount and timing of all cash flows related to the acquisition of the new packaging machine. (Enter negative amounts using a negative sign preceding the number e.g. -45.) Cash Flow Timing Amount Purchase price Installation Salvage of old equipment Year O Salvage of new equipmentYear Variable cost savings Avoided overhaul Year o 175050 Year 0 3250 Years 1-10 23130 Years 1-10 O 3765