Morn's Cookies, Inc, 15 consideting the purchase of a new cookie oven. The original cost of the old oven was $48,000, it is now five years old, and it has a current rarket value of $22,500. The old oven is being depreciated over a toyear life toward a zero estumated salvage value on o stroight-Hine basis, resulting in a current book value of $24,000 and an ancual depreciation expense of $4,800 The old oven con be used for six more years but has no market value after its depreciable life is ovec. Management is contemplating the purchase of a new oven whose cost is $27,000 and whese estimated salvago value is zero Expected before-tax cash savings from the new oven are $2,800 a yevi over its life, you can use bonus depreciation on the oven, and the cost of capital is 10 percent. Assurne a 21 percent tax rote What will the cash flows for this project be? (Note that the $48,000 cost of the old oven is depreciated over ten years at $4,800 per year. The half.year convention is not used for the old oven. Negative amounts should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal pleces.) Morn's Cookies, Inc, 15 consideting the purchase of a new cookie oven. The original cost of the old oven was $48,000, it is now five years old, and it has a current rarket value of $22,500. The old oven is being depreciated over a toyear life toward a zero estumated salvage value on o stroight-Hine basis, resulting in a current book value of $24,000 and an ancual depreciation expense of $4,800 The old oven con be used for six more years but has no market value after its depreciable life is ovec. Management is contemplating the purchase of a new oven whose cost is $27,000 and whese estimated salvago value is zero Expected before-tax cash savings from the new oven are $2,800 a yevi over its life, you can use bonus depreciation on the oven, and the cost of capital is 10 percent. Assurne a 21 percent tax rote What will the cash flows for this project be? (Note that the $48,000 cost of the old oven is depreciated over ten years at $4,800 per year. The half.year convention is not used for the old oven. Negative amounts should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal pleces.)