Crossroad Corporation is trying to decide whether to invest to automate a production line.

If the project is accepted, labor costs will decrease by $$369,000$ per year. However, other

cash operating expenses will increase by $$199,000$ per year. The equipment will cost

$$213,000$ and is depreciable over $11$ years using simplified straight line to a zero salvage

value. Crossroad will invest $$30,000$ in net working capital at installation. The firm has a

marginal tax rate of $34\%.$ Calculate the firm's annual cash flows associated with the new

project.