Question 24 2.5 pts Elsinore Engineering Company is considering the purchase of a new machine. The new machine falls into the MACRS 7-year class, has an estimated life of 6 years, it costs $30,000, and Elsinore plans to sell the machine at the end of the sixth year for $2000. The new machine is expected to generate sales of $2,000 per year as well as increase costs by $1000 per year. In addition, the company will need to increase inventory by $1000. The company's tax rate is 20 percent. (Numbers in parentheses are negative) What would be the operating cash flow in year 1 (t=1)? MACRS Class Year 3yr 5yr 7yr 1 33.33% 20.00% 14.29% 2. 44.45% 32.00% 24.49% 3 14.81% 19.20% 17.49% 4 7.41% 11.52% 12.49% 5 11.52% 8.93% 6 5.76% 8.92% 7 8.93% 8 4.46% $5040.80 $3257.40 $2314.80 $1657.40 $2000.00