Pronghorn Industries is considering the purchase of new equipment costing $1,040,000 to replace existing equipment that will be sold for $189,000. The new equipment is expected to have a $239,000 salvage value at the end of its 5-year life. During the period of its use, the equipment will allow the company to produce and sell an additional 33,400 units annually at a sales price of $28 per unit. Those units will have a variable cost of $14 per unit. The company will also incur an additional $94,000 in annual fixed costs. Identify the amount and timing of all cash flows related to the acquisition of the new equipment. (Enter negative amounts using a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Cash Flow		Timing		Amount
Purchase of new equipment		select a timing Year 0Year 1Year 2Year 3Year 4Year 5Years 1-5		$enter a dollar amount
Salvage of old equipment		select a timing Year 0Year 1Year 2Year 3Year 4Year 5Years 1-5		enter a dollar amount
Sales revenue		select a timing Year 0Year 1Year 2Year 3Year 4Year 5Years 1-5		enter a dollar amount
Variable costs		select a timing Year 0Year 1Year 2Year 3Year 4Year 5Years 1-5		enter a dollar amount
Additional fixed costs		select a timing Year 0Year 1Year 2Year 3Year 4Year 5Years 1-5		enter a dollar amount
Salvage of new equipment		select a timing Year 0Year 1Year 2Year 3Year 4Year 5Years 1-5		enter a dollar amount