Question 19 of 19 - /24 View Policies Current Attempt in Progress Pina Colada Vita produces a wide range of herbal supplements sold nationwide through independent distributors. In response to an increasing demand for its products, the company is considering the purchase of a new packaging machine to replace the seven-year- old machine currently in use. The new machine will cost $165,050, and installation will require an additional $3,050. The machine has a useful life of 10 years and is expected to have a salvage value of $4,045 at that time. The variable cost to operate the new machine is $10.45 per carton compared to the current machine's variable cost of $10.54 per carton, and Pina Colada Vita expects to pack 248,000 cartons each year. If the new machine is purchased, Pina Colada Vita will avoid a required $10,425 overhaul of the current machine in four years. The current machine has a market value of $12,475. Identify the amount and timing of all cash flows related to the acquisition of the new packaging machine. (Enter negative amounts using a negative sign preceding the number eg.-45 or parentheses e.g.(45).) Cash Flow Timing Amount Purchase price $ Installation Salvage of old equipment V Salvage of new equipment Variable cost savings