Jillian Industries is considering purchasing a new piece of equipment for their manufacturing line. The new piece of equipment would replace an inefficient older existing model that is fully depreciated. Today management believes they can sell the old piece of equipment for $15,000. The new piece of equipment will cost $200,000, have a salvage value of $20,000, and be depreciated straight-line over 3 years. The better efficiencies of the new equipment should reduce maintenance and operating costs by $70,000 per year. Management plans to take good care of the new equipment and as such, they believe they can sell the new piece of equipment at the end of 5 years for $40,000 (or double its estimated salvage value). The firms marginal tax rate is 20%. Develop a 5-year cash flow estimate for the proposal