Clyne Industries wants to market its new Slammin Jammin Basketball Goal Set. To bring this product to the market will require the purchase of equipment costing $650,000. Shipping and installation expenses associated with the equipment are estimated to be $50,000. In addition, Clyne will incur incremental employee train- ing and recruiting expenses of $100,000, all of which will be incurred at time 0. Additional net working capital investments of $50,000 will be required at time 0, $25,000 in year 1, and $10,000 in year 2. Revenues are expected to be $250,000 in year 1 and grow at a rate of $25,000 per year through year 5, then decline by $25,000 per year until the project is terminated at the end of year 10. Annual operating expenses are expected to be $80,000 in year 1 and to grow at a rate of $10,000 per year until the end of the project life. Depreciation will be under MACRS for a 7-year class asset. The salvage value of the equipment at the end of 10 years is expected to be $50,000. The marginal, ordinary tax rate is 40 percent and the capital gains tax rate is 30 percent. (Hint: See Appendix 9A for information on MACRS depreciation.) Compute the expected net cash flow for year 10, the last year in the life of the project.