Metro Industries is considering the purchase of new equipment costing $$1,500,000$ to replace existing equipment that will be sold for $$150,000.$ The new equipment is expected to have a $$220,000$ salvage value at the end of its $5-$year life. During the period of its use, the equipment will allow the company to produce and sell an additional $20,000$ units annually at a sales price of $$40$ per unit. Those units will have a variable cost of $$22$ per unit. The company will also incur an additional $$80,000$ 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$.-45$ is parentheses e$.$g$.(45).)$

$\backslash$table$[[$Cash Flow,Timing$],[$Purchase of new equipment,$],[$Salvage of old equipment,$],[$Sales revenue,$],[$Variable costs,$],[$Additional fixed costs,$],[$Salvage of new equipment,$]]$