Fuzhou Inc. is considering a 10-year capital investment project with forecasted revenues of$120,000 per year and forecasted cash operating expenses of $87,000 per year. The initial cost of the equipment for the project is $69,000, and Fuzhou expects to sell the equipment for $27,000 at the end of the tenth year. The equipment will be depreciated over 7 years. The project requires a working capital investment of $21,000 at its inception and another $15,000 at the end of Year 5. Assuming a 40% marginal tax rate, the expected net cash flow from the project in the tenth year is