Johnsonville Sausage Company is a profitable, tax-paying company. Management is looking at a new bratwurst stuffing system with an installed cost of$300,000. This cost will be fully depreciated straight line over the five-year economic life of the system for tax purposes. Despite full depreciation, the salvage value of the system will be $60,000 at the end of its economic life. The new stuffer will add the firm $100,000 per year in gross profit (revenue- cost of goods sold). The system requires an initial inventory investment of$20,000 to operate, recoverable at the end of the project's life. The income tax rate is 40 percent for both ordinary and capital gains or losses.

a)what are the after-tax cash flows associated for each relevantperiod?