Etonis Inc. is considering an investment of $$500,000$ in an asset with an economic life of five years. The firm estimates that the nominal annual cash revenues and expenses at the end of the first year will be $5400,000$ and $$100,000,$ respectively. Both revenues and expenses will grow thereafter at the annual inflation rate of $3$ percent. Etonic will use the straight$-$line method to depreciate its asset to zero over five years. The salvage value of the asset is estimated to be $$60,000$ in nominal terms at that time. The one$-$time net working capital investment of $$50,000$ is required immediately and will be recovered at the end of the project. The nominal discount rate for all cash flows is $12$ percent. All corporate cash flows

are subject to a $28$ percent tax rate. What is the project's total nominal cash flow from assets in each year?