Question List Sheffield Industries is considering the purchase of new equipment costing $1,400,000 to replace existing equipment that will be sold for $155,000. The new equipment is expected to have a $220,000 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 33,000 units annually at a sales price of $24 per unit. Those units will have a variable cost of $10 per unit. The company will also incur an additional $82,000 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 eg.-45 or parentheses es (45) Viewing Question 1 Accounting Dropdown 3.7 Lected Question 2 Acconti Dropdown Cash Flow Timing Amount Question 3 Accounting Dropdown Purchase of new equipment Year $ 1.245.000 2 Question 4 Accounting Dropdown Salvage of old equipment Year o 155.000 Sales revenue Years 1-5 792.000 Question 5 Accounting room Variable costs Years 1-5 330.000 Question 6 Accounting Dropdown Additional fixed costs Years 1-5 82.000 Question 7 Accounting Multip N 220,000 Salvage of new equipment Year 5