Flint Industries is considering the purchase of new equipment costing $$1,237,000$ to replace existing equipment that will be sold for $$182,900.$ The new equipment is expected to have a $$214,000$ salvage value at the end of its $5-$year life. During the period of its use, the equipment will allow the company to produce and sell an additional $37,300$ units annually at a sales price of $$24$ per unit. Those units will have a variable cost of $$13$ per unit. The company will also incur an additional $$97,000$ in annual fixed costs.

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Calculate the present value of each cash flow assuming an $7\%$ discount rate. $($For calculation purposes, use $4$ decimal places as displayed in the factor table provided and round final answer to $0$ decimal place, e$.$g$.58,971.$ Enter negative amounts using a negative sign preceding the number e$.$g$.-58,971$ or parentheses e$.$g$.).)$

Cash Flow

Purchase of new equipment Value

Salvage of old equipment

Sales revenue

Variable costs

Additional fixed costs

Salvage of new equipment