Mom$$s Cookies, Incorporated, is considering the purchase of a new cookie oven. The original cost of the old oven was $$33,000$; it is now five years old, and it has a current market value of $$14,000.$ The old oven is being depreciated over a $10-$year life toward a zero estimated salvage value on a straight$-$line basis, resulting in a current book value of $$16,500$ and an annual depreciation expense of $$3,300.$ The old oven can be used for six more years but has no market value after its depreciable life is over. Management is contemplating the purchase of a new oven whose cost is $$25,000$ and whose estimated salvage value is zero. Expected before$-$tax cash savings from the new oven are $$4,000$ a year over its life, you can use bonus depreciation on the oven, and the cost of capital is $10$ percent. Assume a $21$ percent tax rate.

What will the cash flows for this project be$?$

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