Calculating 'cash flows at the start'

Haribo Corporation (HAR) is deciding whether to replace its old sweet making machine with a new sweet making machine.

During the last three months, HAR incurred $3,700 of costs to run taste trials of new sweet flavours that they want to make with the new sweet machine.

Today, HAR will borrow $30,000 to fund the purchase of the new sweet making machine. The new sweet making machine costs $110,000 today. Assume the company tax rate is 30%.

The new sweet making machine will cause trade receivables to decrease by $1,000 from its existing level of $6,500.

The old sweet making machine can be sold today for $20,000, and is fully depreciated for tax purposes.

The new sweet making machine has a useful life of eight years, and will result in an increase in inventory by $7,000 from its existing level of $8,500.

If the new sweet making machine proceeds, HAR wants to sell its sweets in a wrapper which is recyclable. HAR has an idle sweet wrapping machine located in its warehouse which can produce this new wrapper. This wrapping machine has a current market value of $20,000, and a book value of $6,000.

What are the 'cash flows at the start'?

[Describe and list separately each cash flow and the corresponding amount on a new line, as in lecture and tutorial examples.]

[Where applicable, show as much working out as possible}