Laura was extremely cautious as she prepared her estimates of the cash inflows related to a new product line. The initial investment in depreciable assets is $48,000 today with no salvage value. This investment is expected to generate the following net cash inflows for each of the next 5 years, where the assets all have 5-year useful lives: $15,000, $19,000, $29,000, $20,000, and $15,000, respectively. The company's required rate of return is 8%; its tax rate is 25%