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Nine Point Industries is trying to decide whether to invest in equipment to manufacture a new product. If the investment project is accepted, sales revenue

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Nine Point Industries is trying to decide whether to invest in equipment to manufacture a new product. If the investment project is accepted, sales revenue will increase by $97,000 per year and materials costs will decrease by $29,000 per year. The equipment will cost $259,000 and is depreciable over 7 years using simplified straight line (zero salvage value). The firm has a marginal tax rate of 34%. Calculate the firm's annual cash flows resulting from the new project. Set your calculator to 4 decimal places and round to a whole number at the end. For example, if your answer is 1,000 enter it as 1000. DO NOT ENTER THE DOLLAR SIGN

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