Oak plc is considering a project that has the following predicted revenue and expenses in its first$$ year:

pound$000$

Revenue

$140$

Salaries$($sunk costs$-$ incurred whether or not the project$$ proceeds$)$

$(40)$

Depreciation

$(30)$

Other overheads

$(20)$

Profit

$50$

$$Notes:

$1.$ 'Other overheads' contain pound$8,000$ which represents a fair share of the overheads for the business as a whole.

$2.$ If the project is not$$ undertaken, part of the factory would be freed up and could be$$ sub$-$let for pound$15,000$ per year.

$3.$ The business employs net present value analysis to appraise its projects.

What are the relevant cash inflows arising in the first year of the$$ project?