Flint Vita produces a wide range of herbal supplements sold nationwide through independent distributors. In response to an increasing demand for its products, the company is considering the purchase of a new packaging machine to replace the seven-year-old machine currently in use. The new machine will cost $156,300, and installation will require an additional $2,850. The machine has a useful life of 10 years and is expected to have a salvage value of $4,290 at that time. The variable cost to operate the new machine is $9.40 per carton compared to the current machine's variable cost of $9.50 per carton, and Flint Vita expects to pack 241,000 cartons each year. If the new machine is purchased, Flint Vita will avoid a required $9,550 overhaul of the current machine in four years. The current machine has a market value of $11,950. Identify the amount and timing of all cash flows related to the acquisition of the new packaging machine. (Enter negative amounts using a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Cash Flow Timing Amount Purchase price Year $ 156300 Installation Year 0 2850 Salvage of old equipment Year 0 11950 Salvage of new equipment Year 10 4290 Variable cost savings Years 1-10 24100 Avoided overhaul Year 4 9550