MSC Machining is reviewing a four year project to cut production costs. The purchase of a new machine at $395,000 is estimated to result in $144,000 in annual pre-tax cost savings. The machine falls in the MACRS five-year class and will have a market value of $45,000 at the end of the project. An initial investment of $23,000 is also required in spare parts inventorv. If the company's tax rate is 22%, projected cash flow at the outset (year O) 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 oject will be $ MACRS table for 5yr class