MSC Machining is reviewing a four year project to cut production costs. The purchase of a new machine at $400,000 is estimated to result in $155,000 in annual pre-tax cost savings. The machine falls in the MACRS five-year class and will have a market value of $105,000 at the end of the project. An initial investment of $55,000 is also required in spare parts inventory. If the company's tax rate is 21%, projected cash flow at the outset (year 0 ) will be The projected cash flow in year 1 will be $ The net salvage cash flow associated with sale of the machine at the end of the project will be \$ MACRS table for 5-yr class