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Mom's Cookies, Inc., is considering the purchase of a new cookie oven. The original cost of the old oven was $33,000; it is now five

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Mom's Cookies, Inc., 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 depreclated over a 10-year life toward a zero estimated salvage value on a straight-tine 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 matket value after its depreclable life is over. Management is contemplating the purchase of a new oven whiose 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 depreclation on the oven, and the cost of copital is 10 percent. Assume a 21 percent tax rate What wil the cash fiows for this project be? (Note that the $33,000 cost of the old oven is depreciated over ten years at $3,300 per yeor. The half-yeor convention is not used for the old oven. Negotive omounts should be indicated by a minus sign. Do not round intermediate colculations and round your answers to 2 decimal places.)

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