Due to high demand for wood, San Lorenzo Lumber is considering buying a new timber cutting machine to add to its existing stock. - The machine will cost \\( \\$ 310,000 \\) to purchase and \\( \\$ 20,000 \\) for shipping and installation. Last year, the firm cleared an unused area in its timber mill to make space for the machine, at a cost of \\( \\$ 8,000 \\). - The new cutting machine will allow the company to sell an additional 140,000 pieces of wood per year, at a price of \\( \\$ 5 \\) per piece. Variable costs, including timber, electricity and labor, are expected to add up to \70 of sales. - To make best use of the new machine, the company will need to increase its inventory of timber logs by \\( \\$ 25,000 \\). Since the firm uses trade credit when purchasing raw timber, accounts payable will increase by \\( \\$ 12,000 \\). - The cutting machine is expected to last 4 years and will then be sold for \\( \\$ 35,000 \\). It falls into the 3 -year MACRS class, with depreciation rates as follows: The firm has a marginal tax rate (federal and state) of \34. Part 1 1 1 Attempt \\( 3 / 5 \\) for 10 pts. What is the initial (year-0) project cash flow? Choose the right sign. What is the project cash flow in year 1 ? Part 3 What is the project cash flow in year 2? Part 4 What is the project cash flow in year 3