Metro Industries is considering the purchase of new equipment costing $1,060,000 to replace existing equipment that will be sold for $180,000. The new equipment is expected to have a $241,000 salvage value at the end of its 4-year life. During the period of its use, the equipment will allow the company to produce and sell an additional 32,400 units annually at a sales price of $20 per unit. Those units will have a variable cost of $14 per unit. The company will also incur an additional $84,000 in annual fixed costs. Identify the amount and timing of all cash flows related to the acquisition of the new equipment. (Enter negative amounts using a negative sign preceding the number e.g. -45.)