Grill Master Johnnys is thinking about purchasing a new, energy-efficient grill. The grill will cost $53,000.00 and will be depreciated according to the 3-year MACRS schedule. It will be sold for scrap metal after 3 years for $11,750.00. The grill will have no effect on revenues but will save Johnnys $23,500.00 per year in energy expenses. The tax rate is 40%. The 3-year MACRS schedule;

Year Depr %

1 33.33

2 44.45

3 14.81

4 7.41

What is the total cash flow in year 3?